Kaman’s CFO steps down; interim CFO appointed

The chief financial officer of Kaman Corp., James Coogan, stepped down from his position effective Monday.

The Bloomfield-based aerospace manufacturer announced the change on Friday.

Coogan held the title of senior vice president in addition to CFO.

While the company searches for a permanent replacement, Carroll Lane, senior vice president and segment lead of engineered and precision products for Kaman will serve as interim CFO.

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Ian Walsh, president and CEO of Kaman, said Coogan played a key role in leading the company’s finance, treasury, and mergers and acquisitions teams over the last 15 years.

Lane has nearly 20 years of experience and is “well suited to support the continued execution of our financial priorities, including our cost-reduction and efficiency initiatives,” Walsh said.

Lane joined Kaman in July 2022 and previously was the president of commercial engines at Pratt & Whitney. He has an MBA from Harvard Business School and a bachelor’s degree from Williams College. He also served in the U.S. Marine Corps as a Naval Aviator.

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