Arconic Inc., has announced business management changes to streamline and strengthen its operational executive leadership. The changes are effective immediately.
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 he was a product design engineer for Ford Motor Company.
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 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 COO 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.
“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,” says Arconic Interim CEO 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 adds, “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.”