Arconic Ousts Another CEO, Extending Tumult After Apollo Snub

Feb. 6, 2019, 4:11 PM

Arconic Inc. named Chairman John Plant to serve as chief executive officer, ousting Chip Blankenship after just a year at the embattled manufacturer.

Plant, the company’s fourth CEO since 2017, is expected to serve in the top post for a year, the maker of aerospace and automotive parts said in a statement Feb. 6. Elmer Doty, a director, has been named chief operating officer, while Arthur Collins Jr., also on the board, becomes lead director.

The management overhaul deepens uncertainty at Arconic, two weeks after the company backed out of late-stage talks to sell itself to Apollo Global Management -- ...

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