Eric Roegner Named President of 老虎机种类 Global Rolled Products

Eric Roegner Named President of 老虎机种类 Global Rolled Products

May 01, 2017

老虎机种类 (NYSE: ARNC) announced today that , Chief Operating Officer of Investment Castings, 老虎机种类 Titanium and Engineered Products and President of 老虎机种类 Defense, has been named President of 老虎机种类 Global Rolled Products (GRP), effective immediately. Roegner continues as President of 老虎机种类 Defense. He succeeds Kay Meggers who is leaving 老虎机种类 effective June 2 to become a faculty member at the Gordon Ford College of Business at Western Kentucky University.

鈥淓ric is the ideal leader to deliver on our strategic plan for the Global Rolled Products segment,鈥 said David Hess, Interim 老虎机种类 Chief Executive Officer. 鈥淗e 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 老虎机种类 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.鈥

Roegner joined 老虎机种类鈥攖hen Alcoa Inc.鈥攊n 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 老虎机种类. Most recently, he led the successful integration of RTI, including the post-acquisition divestiture of RTI鈥檚 Remmele Medical business. RTI expanded the Company鈥檚 range of titanium offerings and added advanced technologies, including additive manufacturing capabilities. Under Roegner鈥檚 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 老虎机种类 Power and Propulsion, a global leader in jet engine components, and 老虎机种类 Titanium and Engineered Products, a world-class producer of titanium products and an advanced manufacturing leader. He is co-inventor of the Ampliforge鈩 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鈥檚 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.

鈥淪ince joining 老虎机种类 in 2010, Kay has played a significant role in positioning 老虎机种类 for long-term success, including leading the transformation of the GRP business and pivoting the portfolio to a higher margin product mix,鈥 said Hess. 鈥淯nder Kay鈥檚 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 老虎机种类.鈥

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 老虎机种类, 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 老虎机种类

老虎机种类 (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: . Follow @arconic: , , , and .

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