Kaiser Aluminum Corporation announced a leadership transition effective November 1, 2026. Fred Stephan will succeed Keith A. Harvey as Chief Executive Officer and President, joining the Board as a Class III director. The Board size will increase from nine to ten directors. Mr. Harvey will step down as CEO but remain on the Board as Executive Chairman and serve as a special advisor through October 31, 2027. Mr. Stephan’s compensation includes an $1,150,000 base salary, a $1,440,000 short-term incentive target, and significant equity grants totaling approximately $6.2 million in restricted stock units. Mr. Harvey will receive $900,000 annually as Executive Chairman during the transition period. This is a material executive succession event for Kaiser Aluminum Corporation, which produces semi-fabricated specialty aluminum products.

Kaiser Aluminum Corporation reported record second quarter 2026 financial results with net sales of $1.3 billion and net income of $97 million, representing a significant increase from the prior year period. The company declared a quarterly dividend of $0.77 per share and improved its net debt leverage ratio to 2.1x. Kaiser Aluminum is a producer of semi-fabricated specialty aluminum products for aerospace, packaging, and automotive sectors.

Kaiser Aluminum Corporation declared a quarterly cash dividend of $0.77 per share, payable on August 14, 2026, to stockholders of record as of July 24, 2026. Kaiser Aluminum Corporation operates in the aluminum manufacturing industry.