Arconic Corporation (NYSE: ARNC) (“Arconic” or “the Company”)
has appointed Ellis A. Jones, Vice President and Chief
Sustainability Officer of The Goodyear Tire & Rubber Company,
to Arconic’s Board of Directors, effective October 10, 2022. Mr.
Jones will also serve on the Governance and Nominating Committee of
the Board.
Mr. Jones has served as Vice President and Chief Sustainability
Officer of The Goodyear Tire & Rubber Company since October
2021, and currently chairs the Sustainability Council and the EHS
Council at Goodyear. Mr. Jones’ career at Goodyear spans more than
33 years. Since 2003, he has held various leadership positions,
including vice president of environmental, health, safety and
sustainability and business continuity, senior director of global
environmental, health, safety and sustainability and business
continuity, manufacturing director, race tire division, and finance
director, manufacturing, purchasing and supply chain, North
American tire division. Mr. Jones also previously served as the
finance director of office property and casualty insurance at
Nationwide Mutual Insurance Company. He began his career in various
finance roles with Goodyear.
Frederick A. Henderson, Chairman of the Board of Directors,
stated “We are pleased to have Ellis join our Board. Ellis brings
to Arconic broad cross-functional experience in the global
manufacturing sector, and deep knowledge of sustainability,
environmental, health and safety matters. We look forward to
drawing on his experience as we work to achieve our strategic goals
and continue our sustainability journey.”
About Arconic
Arconic Corporation (NYSE: ARNC), headquartered in Pittsburgh,
Pennsylvania, is a leading provider of aluminum sheet, plate, and
extrusions, as well as innovative architectural products, that
advance the ground transportation, aerospace, building and
construction, industrial and packaging end markets. For more
information: www.arconic.com.
Dissemination of Company Information
Arconic intends to make future announcements regarding Company
developments and financial performance through its website at
www.arconic.com.
Forward-Looking Statements
This release contains statements that relate to future events
and expectations and, as such, constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as "anticipates," "believes," "could,"
"estimates," "expects," "forecasts," "goal," "guidance," "intends,"
"may," "outlook," "plans," "projects," "seeks," "sees," "should,"
"targets," "will," "would," or other words of similar meaning. All
statements that reflect Arconic’s expectations, assumptions,
projections, beliefs or opinions about the future, other than
statements of historical fact, are forward-looking statements,
including, without limitation, statements, relating to the
condition of, or trends or developments in, the ground
transportation, aerospace, building and construction, industrial,
packaging and other end markets; Arconic’s future financial
results, operating performance, working capital, cash flows,
liquidity and financial position; cost savings and restructuring
programs; Arconic's strategies, outlook, business and financial
prospects; share repurchases; costs associated with pension and
other post-retirement benefit plans; projected sources of cash
flow; and potential legal liability. These statements reflect
beliefs and assumptions that are based on Arconic’s perception of
historical trends, current conditions and expected future
developments, as well as other factors Arconic believes are
appropriate in the circumstances. Forward-looking statements are
not guarantees of future performance, and actual results may differ
materially from those indicated by these forward-looking statements
due to a variety of risks, uncertainties and changes in
circumstances, many of which are beyond Arconic’s control. Such
risks and uncertainties include, but are not limited to: (a)
continuing uncertainty regarding the duration and impact of the
COVID-19 pandemic on our business and the businesses of our
customers and suppliers including labor shortages and increased
quarantine rates; (b) deterioration in global economic and
financial market conditions generally; (c) unfavorable changes in
the end markets we serve; (d) the inability to achieve the level of
revenue growth, cash generation, cost savings, benefits of our
management of legacy liabilities, improvement in profitability and
margins, fiscal discipline, or strengthening of competitiveness and
operations anticipated or targeted; (e) adverse changes in discount
rates or investment returns on pension assets; (f) competition from
new product offerings, disruptive technologies, industry
consolidation or other developments; (g) the loss of significant
customers or adverse changes in customers’ business or financial
condition; (h) manufacturing difficulties or other issues that
impact product performance, quality or safety; (i) the impact of
pricing volatility in raw materials and inflationary pressures on
our costs of production; (j) a significant downturn in the business
or financial condition of a key supplier or other supply chain
disruptions; (k) challenges to or infringements on our intellectual
property rights; (l) the inability to successfully implement our
re-entry into the U.S. packaging market or to realize the expected
benefits of other strategic initiatives or projects; (m) our
ability to complete the previously announced sale with respect to
our Kawneer® business; (n) the inability to identify or
successfully respond to changing trends in our end markets; (o) the
impact of potential cyber attacks and information technology or
data security breaches; (p) geopolitical, economic, and regulatory
risks relating to our global operations, including compliance with
U.S. and foreign trade and tax laws, sanctions, embargoes and other
regulations; (q) the outcome of contingencies, including legal
proceedings, government or regulatory investigations, and
environmental remediation and compliance matters; (r) restrictions
imposed by authorities on our Russian operations; (s) our ability
to complete the announced divestiture of our Russian operations and
the impact of such divestiture on our business and operations; (t)
reactions to or consequences of our announcement regarding the sale
of our Russian operations, including the potential for our Russian
operations to be nationalized or otherwise expropriated by the
Russian government; (u) the impact of the conflict between Russia
and Ukraine on economic conditions in general and on our business
and operations; and (v) the other risk factors summarized in
Arconic’s Form 10-K for the year ended December 31, 2021 and other
reports filed with the U.S. Securities and Exchange Commission
(SEC). The above list of factors is not exhaustive or necessarily
in order of importance. Market projections are subject to the risks
discussed above and in this release, and other risks in the market.
The statements in this release are made as of the date of this
release, even if subsequently made available by Arconic on its
website or otherwise. Arconic disclaims any intention or obligation
to update publicly any forward-looking statements, whether in
response to new information, future events, or otherwise, except as
required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221011005284/en/
Investor Contact Shane Rourke (412) 315-2984
Investor.Relations@arconic.com
Media Contact Tracie Gliozzi (412) 992-2525
Tracie.Gliozzi@arconic.com
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