ParkOhio Declares Quarterly Dividend
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the company’s outstanding common stock. The dividend will be paid on February 20, 2026, to shareholders of record as of the close of business on February 6, 2026.
Barnes Aerospace Names Michael Mosley as Chief Executive Officer
Barnes Aerospace, a global leader in aftermarket component repair and overhaul (CRO) services and a manufacturer of highly engineered aeroengine components, has announced the appointment of Michael Mosley as Chief Executive Officer, effective January 26, 2026. The leadership transition marks an important milestone for the company as it enters its next phase of growth and operational transformation.
As part of this transition, Thomas Mepham, who has served as Interim CEO and is a member of the Barnes Aerospace Board of Directors, will assume the role of Executive Chair of the Board. In this capacity, Mepham will continue to provide strategic guidance, governance oversight, and continuity as the company advances its long-term objectives.
Strengthening Leadership at a Pivotal Time
The appointment of Michael Mosley comes at a critical moment for the global aerospace industry, which is experiencing sustained growth across commercial, defense, and business aviation segments. Rising aircraft utilization, expanding global fleets, supply chain normalization, and increased demand for high-quality aftermarket services are driving long-term opportunities for companies with strong technical capabilities and operational discipline.
Barnes Aerospace has built a strong reputation as a trusted partner to original equipment manufacturers (OEMs), airlines, maintenance providers, and defense customers worldwide. The company’s comprehensive portfolio includes precision-manufactured aeroengine components, advanced materials expertise, and specialized repair solutions that extend component life cycles and enhance aircraft availability. With Mosley’s appointment, Barnes Aerospace aims to further accelerate its strategic execution while maintaining its commitment to quality, reliability, and customer service.
Extensive Aerospace Leadership Experience
Michael Mosley brings more than two decades of deep aerospace industry experience, with a proven track record of driving operational excellence, managing complex global organizations, and delivering sustainable growth. Most recently, he served as Chief Operating Officer and President, Castings and Metals at Precision Castparts Corporation (PCC), a global leader in complex metal components and structures for aerospace and industrial markets.
At PCC, Mosley was responsible for overseeing large-scale manufacturing operations, advanced materials production, and global supply chains supporting some of the world’s most demanding aerospace platforms. His leadership focused on operational efficiency, safety, quality, and on-time delivery—key priorities in an industry where performance and reliability are mission-critical.
Prior to joining PCC, Mosley spent the majority of his career at Rolls-Royce, one of the world’s leading aerospace and defense companies. During his tenure, he held senior leadership roles across operations, manufacturing, supply chain management, and global aerospace programs. His experience spanned both commercial and defense sectors, giving him a comprehensive understanding of the aerospace value chain, from design and production to aftermarket support and lifecycle management.
This breadth of experience positions Mosley well to lead Barnes Aerospace as it continues to expand its capabilities, improve operational performance, and deepen relationships with customers and partners worldwide.
Familiarity with Barnes Aerospace Strategy
Since May 2025, Mosley has served on the Barnes Aerospace Board of Directors, providing him with firsthand insight into the company’s strategy, operations, and leadership culture. His time on the board has allowed him to develop a strong understanding of Barnes Aerospace’s markets, customer needs, and long-term growth priorities.
This familiarity is expected to support a smooth leadership transition and enable Mosley to quickly assume full executive responsibilities. His board experience also underscores the confidence that shareholders and directors have in his ability to guide the organization through its next chapter.
Board and Shareholder Perspective
Commenting on the appointment, Max Zimmerman, Member of the Barnes Aerospace Board of Directors and Managing Director at Apollo, highlighted Mosley’s leadership capabilities and strategic fit with the company’s vision.
“Barnes Aerospace has a strong strategy and a compelling foundation, and Mike brings the leadership and execution discipline required to accelerate progress and deliver consistent results,” Zimmerman said. “His deep understanding of the aerospace ecosystem and proven track record of driving growth and operational excellence position him well to capture the opportunities ahead and create long-term value for customers, employees, partners, and shareholders.”
The Board emphasized that Mosley’s experience in managing large-scale aerospace operations and navigating complex market environments will be instrumental as Barnes Aerospace continues to invest in advanced manufacturing, digitalization, and supply chain resilience.
CEO Vision and Commitment
Upon his appointment, Michael Mosley expressed enthusiasm and a strong sense of responsibility for leading Barnes Aerospace into its next phase of development.
“I am excited and honored to lead the talented Barnes Aerospace team into the next phase of growth as we work to realize the company’s full potential,” Mosley said. “Barnes Aerospace has capabilities that are increasingly critical to our customers and partners, and the opportunity ahead is significant. I am focused on executing our strategy with urgency and discipline to deliver consistent results.”
He also acknowledged the contributions of Thomas Mepham during the transition period, adding, “I would like to thank Tom for his steady leadership during this transition and for his continued support as Executive Chair.”
Focus on Growth, Innovation, and Operational Excellence
Looking ahead, Barnes Aerospace is expected to prioritize operational performance, customer satisfaction, and strategic investment under Mosley’s leadership. The company operates in markets where reliability, safety, and technical expertise are paramount, and continued investment in advanced manufacturing technologies, workforce development, and quality systems will remain central to its strategy.
The aerospace aftermarket, in particular, represents a significant growth opportunity as airlines and operators seek cost-effective solutions to extend the life of critical components while maintaining strict regulatory and performance standards. Barnes Aerospace’s CRO services and engineered components are increasingly vital to supporting fleet availability and reducing total cost of ownership for customers.
In parallel, the company continues to serve defense customers with highly specialized components and repair capabilities that support national security and long-term defense programs. Strengthening supply chain resilience and domestic manufacturing capabilities remains a key priority in this segment.
Continuity Through Board Leadership
As Executive Chair, Thomas Mepham will continue to play an active role in shaping Barnes Aerospace’s strategic direction and governance framework. His transition from Interim CEO ensures leadership continuity while allowing Mosley to focus on day-to-day execution and long-term growth initiatives.
Together, the leadership team aims to build on Barnes Aerospace’s strong foundation, deepen customer relationships, and drive sustainable, profitable growth across all served markets.
Positioning for the Future
With Michael Mosley at the helm, Barnes Aerospace is well positioned to navigate the evolving aerospace landscape and capitalize on emerging opportunities. The combination of experienced leadership, strong operational capabilities, and a clear strategic vision underscores the company’s commitment to long-term value creation.
As global demand for reliable, high-quality aerospace components and services continues to rise, Barnes Aerospace’s focus on engineering excellence, operational discipline, and customer partnership will remain central to its success in the years ahead.
About ParkOhio
ParkOhio is a diversified international company that provides world-class supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. Headquartered in Cleveland, Ohio, the company operates approximately 130 manufacturing and supply chain logistics facilities across the globe. ParkOhio’s operations are structured into three reportable segments: Supply Technologies, Assembly Components, and Engineered Products.
This press release contains regarding the company’s future performance, which are subject to risks, uncertainties, and other factors that may cause actual results to differ materially. These risks include, but are not limited to, the following: supply chain disruptions, operational and financial challenges, global economic uncertainty, competitive factors, pricing pressures, labor disturbances, raw material pricing, and energy cost fluctuations. Additional risks include changes in customer relationships, acquisitions, interest rates, political instability, and the impact of global health issues.
Investors should be aware that are based on current assumptions and expectations, and ParkOhio assumes no obligation to update these statements unless required by law. For a more detailed discussion of risks, please refer to “Item 1A. Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2024.
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