Kaiser Aluminum Corporation has appointed Fred Stephan as chief executive officer and president, effective 1 November 2026. He succeeds Keith Harvey, who has led the company since July 2020 and will transition to executive chairman whilst serving as special advisor through October 2027. Stephan brings 38 years of manufacturing experience, most recently serving as chief operating officer of Amcor Global Flexible Packaging Solutions, where he oversaw operations across more than 200 manufacturing sites in over 35 countries. He previously held senior leadership roles at Bemis Company, Johns Manville, and General Electric, including serving as president and CEO of GE Lighting Systems. The Franklin, Tennessee-based company produces semi-fabricated specialty aluminium products for aerospace, automotive, packaging, and industrial applications.

Kaiser Aluminum Corporation reported record second quarter 2026 financial results, with net sales reaching $1.3 billion and conversion revenue of $437 million. The company posted net income of $97 million, or $5.72 per diluted share. Adjusted EBITDA totalled $166 million, with a margin of 38.1%. The company's net debt leverage ratio improved to 2.1x. Kaiser declared a quarterly dividend of $0.77 and raised its full year outlook. Chairman Keith Harvey attributed the strong performance to favourable end-market positioning, higher-value packaging mix, improving aerospace demand, and beneficial scrap spreads. Metal price lag provided a tailwind of approximately $27 million for the quarter. The Franklin, Tennessee-based company produces semi-fabricated specialty aluminium products for aerospace, packaging, engineering, and automotive applications.