Arconic’s board of directors has appointed John C. Plant, current chairman of the board, to serve as chairman and chief executive officer.
The board has also appointed Elmer L. Doty, a current director, to serve as chief operating officer, and Arthur D. Collins, Jr., a current director, to serve as lead director. These appointments are effective immediately.
Plant succeeds Chip Blankenship as CEO. Together with Doty, Plant will oversee the company’s operations as well as the ongoing strategy and portfolio review. It is expected that he will serve in the role of chief executive for a period of one year.
Plant has had a distinguished career in the automotive industry and as a public company leader who has generated significant shareholder value. He previously served as CEO of TRW Automotive from 2003 to 2015, and as chairman of its board from 2011 to 2015. Under his leadership, TRW employed more than 65,000 people in 190 major facilities around the world, was ranked among the top 10 automotive suppliers globally and produced total shareholder returns significantly in excess of the broader market and an index of industry peers.
Elmer L. Doty has extensive knowledge of Arconic’s aerospace and defence markets, having served from December 2012 to February 2016 as president and CEO of Accudyne Industries, a provider of precision-engineered flow control systems and industrial compressors. Doty was the president and chief executive of Vought Aircraft Industries, a global manufacturer of aerostructures for commercial, military and business jet aircraft, from 2006 until its acquisition in 2010 by Triumph Group.