Ampco-Pittsburgh Corporation Announces Leadership Transition as David G. Anderson Appointed Chief Financial Officer, Succeeding Longtime CFO Michael G. McAuley
Ampco-Pittsburgh Corporation, a leading producer of engineered, specialty metal products and custom equipment solutions, has announced a key leadership transition in its financial management team. On November 5, 2025, the company’s board of directors elected David G. Anderson to the role of Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary, effective January 1, 2026.
Anderson will succeed Michael G. McAuley, who has served as Ampco-Pittsburgh’s Chief Financial Officer for nearly a decade. Following the transition, McAuley will assume the position of Strategic Advisor to the Chief Executive Officer, providing counsel and continuity during the transition period until his planned retirement on June 30, 2026.
Anderson will continue to hold his current role as President of Air & Liquid Systems Corporation, a wholly owned subsidiary of Ampco-Pittsburgh, during this transition phase. The company noted that the specific compensation terms for both McAuley and Anderson related to their new roles will be disclosed once finalized and approved by the board.
CEO Praises Seamless Succession and Leadership Continuity
In a statement accompanying the announcement, Brett McBrayer, Chief Executive Officer of Ampco-Pittsburgh Corporation, highlighted the deliberate and strategic nature of the leadership transition.
“Our succession planning process prepared us well for this transition, and I’m pleased to expand Dave Anderson’s role,” McBrayer said. “Dave has been Vice President of Finance for both of our operating segments prior to advancing to his current role leading Air & Liquid Systems, so he is well prepared to guide our overall financial operations. Mike and Dave will work closely together during the transition to ensure a smooth handoff.”
McBrayer further commended outgoing CFO Michael McAuley for his extensive contributions over the past decade, noting his steadfast dedication to the company’s financial health and operational growth.
“In his nearly ten years of service as Ampco’s CFO, Mike has worked tirelessly as a financial steward in support of the Corporation’s strategic plans,” McBrayer added. “This includes right-sizing of capacity, retooling operations, and financing our most critical initiatives. I look forward to Mike’s continued support into 2026 in his new advisory role.”
David G. Anderson: A Seasoned Financial and Operational Leader
David G. Anderson’s appointment reflects Ampco-Pittsburgh’s emphasis on promoting from within and leveraging deep institutional knowledge to guide the company’s next phase of growth.
Anderson, who joined Ampco-Pittsburgh in 2010, brings more than 35 years of experience in financial management, operations, and executive leadership. Over the years, he has held multiple senior roles within the company, including Vice President of Finance for both of its major operating segments before becoming President of Air & Liquid Systems Corporation, which focuses on custom-engineered pumps, heat exchangers, and related products.
His combined experience in finance and operations makes him uniquely suited to take on the CFO position. The company believes that Anderson’s background aligns well with Ampco-Pittsburgh’s ongoing transformation strategy—one centered on operational efficiency, cost optimization, and sustainable profitability.
In his expanded capacity, Anderson will oversee corporate finance, treasury, investor relations, risk management, and strategic planning, while also playing a pivotal role in advancing digital transformation initiatives across the company’s global operations. His deep familiarity with Ampco-Pittsburgh’s industrial segments is expected to strengthen collaboration between the corporate and operational teams.
Michael G. McAuley’s Legacy and Contributions
Since assuming the role of Chief Financial Officer nearly a decade ago, Michael G. McAuley has been instrumental in navigating the company through periods of both challenge and transformation. His leadership was particularly critical in guiding Ampco-Pittsburgh through industry cycles, restructuring initiatives, and financing efforts that positioned the company for long-term resilience.
McAuley’s financial stewardship encompassed a wide range of strategic efforts, including:
- Restructuring and cost optimization: spearheading initiatives to align capacity with market demand and streamline operations.
- Capital management and financing: securing funding for key modernization projects and working capital needs.
- Strategic investment support: providing financial oversight and due diligence for major corporate projects and acquisitions.
- Governance and compliance: ensuring robust internal controls and financial transparency across the corporation.
By transitioning to a Strategic Advisor to the CEO role through mid-2026, McAuley will continue to offer his expertise during a period of organizational handover, supporting continuity and mentorship for Anderson and the finance team.
A Testament to Ampco-Pittsburgh’s Long-Term Succession Planning
The CFO transition underscores Ampco-Pittsburgh’s commitment to long-term leadership development and succession readiness, ensuring stability within its executive ranks. The company’s approach reflects a proactive governance philosophy that anticipates key leadership changes well in advance, minimizing disruption and maintaining investor confidence.
The internal promotion of Anderson also signals the corporation’s emphasis on developing cross-functional leaders who understand both the operational and financial intricacies of the business. His dual experience in finance and manufacturing operations positions him to balance fiscal discipline with growth-oriented decision-making—an increasingly vital skill set in the evolving industrial landscape.
McBrayer’s comments highlighted the effectiveness of Ampco-Pittsburgh’s succession model:
“We’ve cultivated a leadership bench with the experience and versatility to sustain our strategic direction,” he noted. “Dave’s leadership, operational insight, and financial acumen align perfectly with our vision for Ampco-Pittsburgh’s future.”
Financial and Strategic Outlook
As the company prepares for this transition, Ampco-Pittsburgh continues to focus on strengthening its financial performance, operational efficiency, and long-term growth prospects. The appointment of Anderson is expected to support these efforts through enhanced integration between the finance function and the company’s production and engineering operations.
Under Anderson’s financial leadership, Ampco-Pittsburgh will likely emphasize:
- Operational efficiency improvements within its manufacturing segments.
- Strategic capital allocation to support modernization and growth initiatives.
- Sustainability and ESG alignment, reflecting investor priorities and market expectations.
- Innovation and product diversification, particularly within its Air & Liquid Systems subsidiary.
- Enhanced financial reporting and analytics, leveraging data-driven insights for decision-making.
McAuley’s continued involvement during the transition period will also ensure that financial continuity, compliance, and corporate governance remain robust as the leadership change unfolds.
Founded in 1929 and headquartered in Carnegie, Pennsylvania, Ampco-Pittsburgh Corporation is a diversified manufacturer specializing in custom-engineered metal and industrial products. The company operates through its two main business segments—Forged and Cast Engineered Products and Air and Liquid Processing—serving a global customer base across industries such as steel, oil and gas, marine, defense, and industrial processing.
Ampco-Pittsburgh’s subsidiaries, including Union Electric Steel Corporation and Air & Liquid Systems Corporation, produce a range of high-performance materials and equipment designed to meet rigorous industrial requirements.
Ampco-Pittsburgh Corporation’s announcement of David G. Anderson’s appointment as Chief Financial Officer marks an important milestone in its leadership evolution. With Anderson’s strong background in both financial management and operational leadership, the company is positioning itself for continued progress and financial discipline.
At the same time, the corporation’s recognition of Michael G. McAuley’s decade-long contributions underscores a culture of stability, respect, and thoughtful succession planning. As McAuley transitions into an advisory role through mid-2026, the leadership team is set to maintain strategic continuity while driving the company’s next phase of performance improvement and innovation.
By combining institutional experience with fresh leadership perspective, Ampco-Pittsburgh reaffirms its commitment to operational excellence, financial strength, and sustainable growth — signaling confidence to shareholders, employees, and industry partners alike.
