Curtiss-Wright Announces CEO Succession: Kevin M. Rayment Appointed President & CEO

Executive Succession Overview

On September 21, 2026, the Board of Directors of Curtiss-Wright Corporation appointed Kevin M. Rayment as the Company’s next President and Chief Executive Officer and as a member of the Board of Directors, effective January 1, 2027.

Mr. Rayment succeeds Lynn M. Bamford, who will retire from the CEO position after six years at the helm and transition to the role of Executive Chair, also effective January 1, 2027. Ms. Bamford has been with Curtiss-Wright for over 22 years and has served as Chair since May 2022.

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Executive Background

• Kevin M. Rayment (Age 57): Joined Curtiss-Wright in 2004 with more than 35 years of experience across the Aerospace & Defense, Commercial Nuclear, and Industrial markets.
• Prior roles include Executive Vice President (since January 2026), Chief Operating Officer (since April 2021), and President of the former Commercial/Industrial Segment (from January 2020).

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Approved Compensation Arrangements

In connection with the appointment, the Executive Compensation Committee approved the following compensation package for Mr. Rayment, effective January 1, 2027:

1. Base Salary: $1,100,000 annualized.
2. Annual Target Bonus: 125% of annual base salary.
3. 2027 Long-Term Incentive (LTI) Award: Target value of $5,225,000, structured as:
   • 30% time-based restricted stock units (RSUs)
   • 30% equity-based performance units
   • 40% equity-based performance share units (PSUs)

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Strategic & Market Implications

• Orderly Transition: The announcement represents a planned internal succession, promoting the sitting COO to the CEO seat, minimizing operational disruption.
• Continuity of Leadership: Retaining Ms. Bamford as Executive Chair ensures ongoing strategic continuity following a period of strong operational and financial performance.