Arconic Announces Business Leadership Changes

October 23, 2017

Eric Roegner appointed head of Engineered Products & Solutions

Tim Myers to lead Global Rolled Products and Transportation &
Construction Solutions

NEW YORK–(BUSINESS WIRE)–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.
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