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Arconic shareholders elect three Elliott nominees to board

Published 05/25/2017, 02:18 PM
© Reuters.  Arconic shareholders elect three Elliott nominees to board
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  • Arconic (ARNC -3.3%) says shareholders elected three of Elliott Management's nominees to its board, based on a preliminary vote count following the company's annual meeting.
  • Elliott's elected nominees are Christopher Ayers, CEO of specialty steel wire ropes maker WireCo WorldGroup; Carlyle Group (NASDAQ:CG)'s Operating Executive Elmer Doty; and Patrice Merrin, a Glencore (LON:GLEN) board member.
  • ARNC nominees David Hess, the company's interim CEO, and Ulrich Schmidt, former Spirit AeroSystems CFO, also were elected to the board.
  • Paul Singer's hedge fund struck a deal with ARNC on Monday to end its battle for control of the company's board.
  • Now read: Arconic: The Real Work Begins


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