Stamford-based aerospace manufacturer Hexcel Corp. said it has appointed finance executive James “Jamie” Coogan as executive vice president and chief financial officer, effective May 1.
Coogan most recently served as CFO of Axcelis Technologies, a Massachusetts-based semiconductor equipment supplier. Before that, he spent about 15 years at Kaman Corp., including as senior vice president and CFO.
His appointment follows another recent addition from Kaman’s leadership ranks. Earlier this month, Hexcel named former Kaman chairman and CEO Neal J. Keating to its board of directors as part of a cooperation agreement with shareholder Vision One Fund.
Coogan succeeds Mike Lenz, who has been serving as interim CFO and will remain with the company as a senior adviser during the transition.
Coogan began his career at PricewaterhouseCoopers and later held finance roles at Ann
Taylor Stores Corp. and the Mohegan Tribal Gaming Authority.
He holds an MBA from Yale School of Management and both a master’s degree in accounting and bachelor’s degree in business administration from the University of Connecticut.
Hexcel manufactures advanced composite materials used in commercial aerospace, defense and space applications, supplying major aircraft makers including Airbus and Boeing.
The company said last year that tariffs pressured its margins and forced it to lower its earnings expectations for 2025.
For the full year, Hexcel reported revenue of $1.894 billion, essentially flat from $1.903 billion in 2024. Net income totaled $109.4 million, down from $132.1 million the prior year.
