Klaus Kleinfeld Steps Down as Chair and CEO of Arconic
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Elliott Management Responds to Arconic (ARNC) CEO and Chair Klaus Kleinfeld's Resignation
April 17, 2017 2:10 PM EDTElliott Management Corporation (Elliott), which manages funds that collectively beneficially own a 13.2% economic interest in Arconic Inc. (NYSE: ARNC) (Arconic or the Company), today released a statement in response to the immediate resignation of Klaus Kleinfeld as Chairman and Chief Executive Officer of Arconic Inc. and expressing its concerns over the judgment of the current Board of Arconic:
The long-overdue departure of Klaus Kleinfeld is a necessary first step on the path to a new, stronger Arconic for... More
Arconic (ARNC) Jumps 8% as Kleinfeld Steps Down
April 17, 2017 9:37 AM EDTArconic (NYSE: ARNC) gains 8.3% early after the company announced that Klaus Kleinfeld will step down as Chairman and CEO, a win for Elliott Associates.
... More