(Reuters) - Arconic Inc said on Wednesday Chairman John Plant will also serve as the chief executive officer of the U.S. aluminum products maker, replacing former General Electric (NYSE:GE) veteran Chip Blankenship, who assumed the role early last year.
Plant will serve as CEO for a period of one year, the company said, adding that it expects to provide an update on its portfolio review on Friday, when it announces its fourth-quarter results.
Arconic rejected a takeover approach by private equity firm Apollo Global Management LLC in January, saying the offer was not adequate.
The company also said Elmer Doty, a current director, will serve as chief operating officer.