Arconic Announces Business Leadership Changes
October 23 2017 - 7:50AM
Business Wire
Eric Roegner appointed head of Engineered
Products & Solutions
Tim Myers to lead Global Rolled Products and
Transportation & Construction Solutions
Arconic Inc. (NYSE:ARNC) today announced business management
changes to streamline and strengthen its operational executive
leadership. The changes are effective immediately.
Eric Roegner is appointed Executive Vice President and Group
President, Engineered Products and Solutions (EP&S). He
succeeds Karl Tragl who will leave the company. Roegner joined
Alcoa Inc. in 2006 and has 11 years’ experience in aerospace and
defense. Since his appointment in May 2017 as Executive Vice
President and Group President, Global Rolled Products, Roegner has
significantly rationalized and strengthened the business, with
overhead reductions expected to save $15 million in 2018. Roegner
was previously Chief Operating Officer of EP&S, where he led
the successful integration of the RTI acquisition and oversaw
Arconic’s jet engine business. He is co-inventor of the Ampliforge™
process, a hybrid technique that combines additive and advanced
manufacturing processes. 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.
Tim Myers is appointed Executive Vice President and Group
President, Global Rolled Products (GRP) and Transportation &
Construction Solutions (TCS). Myers joined Alcoa Inc. in 1992 as an
automotive applications engineer and has a strong background in
automotive and commercial transportation. He was appointed
Executive Vice President and Group President, TCS in May 2016 and
has led the Group to achieve five consecutive quarters of
year-over-year EBITDA growth through June 2017. Myers was
previously President of Alcoa Wheel and Transportation Products,
where he drove the business to increase innovation, profitably grow
market share and expand internationally. Myers has also held
automotive engineering and commercial roles for GRP and Alcoa
Forged Products. Prior to joining Alcoa Inc., he was a product
design engineer for Ford Motor Company. Myers holds a bachelor’s
in mechanical engineering and an MBA, both from the University
of Michigan. He currently serves on the Board of Governors (and is
a prior Chairman) of the Heavy Duty Manufacturer’s Association, and
also serves on the Board of Directors of the Motor & Equipment
Manufacturers Association.
“Both Eric and Tim are proven operational executives, with
strong industry experience and a track record of driving profitable
growth and serving our customers with excellence,” said Arconic
Interim Chief Executive Officer David Hess. “Eric’s strong
background in aerospace and defense position him to successfully
lead EP&S as we support our customers in meeting their
aggressive ramp-ups, and drive increased share for Arconic on the
new aero engine and airframe platforms. Tim’s deep operational and
commercial experience in transportation markets will be key to
realizing valuable synergies in our transportation portfolio in
both GRP and TCS. With this change, Arconic brings GRP and TCS
under a single executive leader, further streamlining our
management structure.”
Hess continued, “We thank Karl for his leadership, passion for
excellence and many significant contributions to Arconic. Under his
leadership, EP&S improved operating performance and
strengthened customer relationships in the face of an extraordinary
ramp up in next generation engine deliveries. He created a
team-oriented culture where innovation flourished. I wish him the
very best in his future endeavors.”
Eric Roegner’s bio may be found here. Tim Myers’ bio may be
found here.
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.
Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and
YouTube.
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Arconic Inc.Investor Contact:Patricia Figueroa,
212-836-2758Patricia.Figueroa@arconic.comorMedia Contact:Shona
Sabnis, 212-836-2626Shona.Sabnis@arconic.com
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