In preparation for its previously-announced separation into two industry-leading companies, Alcoa Inc. (NYSE:AA) has named the members of the Boards of Directors for the future Arconic Inc. and Alcoa Corporation.
To ensure continuity and retention of valuable Alcoa Inc. experience, each new company’s board will include members of the current Alcoa Inc. board, who will serve alongside new directors appointed after a comprehensive search. The new boards will assume their responsibilities upon completion of the Company’s separation, which remains on track for the second half of 2016.
“We have established two world-class, diverse boards for Arconic and Alcoa Corporation to accelerate value for the shareholders of each company,” said Alcoa Chairman and CEO Klaus Kleinfeld. “The new directors – like the directors they join – are high-caliber executives who bring to the table track records of success in relevant industrial and leadership roles. Arconic and Alcoa Corporation will draw on the valuable experience of its directors as each company sets course for a promising future.”
In preparation for its previously-announced separation into two industry-leading companies, Alcoa Inc. (NYSE:AA) has named the members of the Boards of Directors for the future Arconic Inc. and Alcoa Corporation.To ensure continuity and retention of valuable Alcoa Inc. experience, each new company’s board will include members of the current Alcoa Inc. board, who will serve … Continued
