Arconic (NYSE: ARNC) announced today that Eric
Roegner, Chief Operating Officer of Investment Castings, Arconic
Titanium and Engineered Products and President of Arconic Defense, has
been named President of Arconic Global Rolled Products (GRP), effective
immediately. Roegner continues as President of Arconic Defense. He
succeeds Kay Meggers who is leaving Arconic effective June 2 to become a
faculty member at the Gordon Ford College of Business at Western
Kentucky University.
“Eric is the ideal leader to deliver on our strategic plan for the
Global Rolled Products segment,” said David Hess, Interim Arconic Chief
Executive Officer. “He is a highly qualified internal candidate with a
solid operational track record, including the successful integration of
RTI International Metals (RTI), which is now the Arconic Titanium and
Engineered Products business unit. His strong customer relationships in
the aerospace and defense sectors, and deep technology and engineering
background, will help drive sustainable value for our customers and
shareholders.”
Roegner joined Arconic—then Alcoa Inc.—in 2006 and has 11 years of
experience in the aerospace, defense, automotive and other industrial
markets, and 14 years of automotive and oil and gas experience gained
prior to joining Arconic. Most recently, he led the successful
integration of RTI, including the post-acquisition divestiture of RTI’s
Remmele Medical business. RTI expanded the Company’s range of titanium
offerings and added advanced technologies, including additive
manufacturing capabilities. Under Roegner’s leadership, the RTI
acquisition has outperformed expectations and is more than two years
ahead of the business case in realizing synergies. In his most recent
role, Roegner oversaw Arconic Power and Propulsion, a global leader in
jet engine components, and Arconic Titanium and Engineered Products, a
world-class producer of titanium products and an advanced manufacturing
leader. He is co-inventor of the Ampliforge™ process, a hybrid technique
that combines additive and advanced manufacturing processes.
Roegner will report to Interim CEO David Hess. With this appointment,
the Company has streamlined its leadership structure and Eric’s prior
position will be eliminated.
Roegner holds a bachelor’s degree in mechanical and aerospace
engineering from Princeton University and an MBA from Case Western
Reserve University. He currently serves on the Board of Governors of the
Aerospace Industries Association.
“Since joining Arconic in 2010, Kay has played a significant role in
positioning Arconic for long-term success, including leading the
transformation of the GRP business and pivoting the portfolio to a
higher margin product mix,” said Hess. “Under Kay’s leadership, GRP has
been repositioned as an innovation-led partner to our customers,
including in the automotive market, and we thank him for his
contributions to Arconic.”
Meggers led expansions in Iowa and Tennessee to capture growing
automotive demand for aluminum. These expansions serve a growing number
of automotive manufacturers including Ford Motor Company, General Motors
and Toyota. GRP also has invested to capture future growth in aerospace,
including through the recent investment in the Very Thick Plate
Stretcher in Davenport. He spearheaded a range of productivity
improvements, resulting in approximately $200 million in savings per
year.
Following his departure from Arconic, Meggers will become the Hays
Watkins Executive in Residence in the Gordon Ford College of Business,
and a faculty member in the Department of Management and in the Center
for Leadership Excellence at Western Kentucky University in Bowling
Green, Kentucky.
About Arconic
Arconic (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing techniques, we deliver these products at a quality and
efficiency that ensure customer success and shareholder value. For more
information: www.arconic.com.
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Dissemination of Company Information
Arconic intends to make future announcements regarding Company
developments and financial performance through its website at www.arconic.com.
Arconic
Investor Contact
Patricia Figueroa, 212-836-2758
Patricia.Figueroa@arconic.com
or
Media Contact
Shona Sabnis, 212-836-2626
Shona.Sabnis@arconic.com