Diana Toman, an advocate for diversity and inclusion in the legal profession, has landed a new in-house leadership role more than six months after departing as general counsel of Compass Minerals International Inc.
Arconic Rolled Products Corp., a subsidiary of Pittsburgh-based aluminum parts producer Arconic Inc., disclosed in a securities filing last month that Toman will serve as its chief legal officer and general counsel when it separates April 1 from its soon-to-be-former parent.
In an email to Bloomberg Law, Toman confirmed her new role at Arconic Corp., the new name of the rolled aluminum products company that will be spun-off from Arconic. The parent entity will focus its business on engineered products and forgings and change its own name to Howmet Aerospace Inc.
An Arconic spokeswoman said the company’s chief legal officer Katherine Ramundo will remain in her position at Howmet Aerospace. Max Laun, a vice president and general counsel at Arconic who oversees its day-to-day legal operations, will retire from the company at month’s end, the spokeswoman said. Neither in-house lawyer responded to a request for comment about the separation.
Arconic hired Ramundo in late 2016 from her role as general counsel for specialty apparel retailer Ann Inc., the parent of Ann Taylor and Loft brands, to serve as its legal chief and corporate secretary.
Bloomberg data shows Ramundo owns roughly $3.92 million in Arconic stock. A proxy statement filed by the company last year reveals that she earned more than $2.9 million in total compensation during 2018. Bloomberg data shows Toman as having nearly $177,000 in Compass Minerals stock. She earned almost $1.1 million in total compensation in 2018, per a proxy statement filed by the company.
Toman left Compass Minerals last summer after the Overland Park, Kan.-based mining company brought in a new CEO. That C-suite turnover ultimately led Compass Minerals to hire Mary Frontczak to replace Toman in November as head of its legal group.
Frontczak previously served as general counsel for Sioux Falls, S.D.-based POET LLC, the world’s largest biofuels producer. POET, formerly known as the Broin Cos., specializes in the production of ethanol and other biorefined products. Last month POET installed Frontczak’s replacement by hiring Winston & Strawn senior counsel Peter Castelli in Chicago as its senior vice president and general counsel.
Castelli told Bloomberg Law in an email that he started Feb. 10 at POET and has been commuting to his new job from Chicago, although he intends to relocate this summer to Sioux Falls. Winston & Strawn hired Castelli last year after he spent more than a decade in-house at food processor Tate & Lyle plc.
At POET, Castelli heads a law department that includes assistant general counsel Joseph Adams, a former partner at Jones Day and Crowell & Moring. Adams left Crowell & Moring, where he led the firm’s New York office, in 2015 to be one of the few former Cravath, Swaine & Moore associates to return to the high-powered law firm as a lateral hire. Adams spent almost a year as a senior attorney in Cravath’s environmental practice before moving to the Midwest to join POET in 2016.