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Arconic Management

Management criteria checks 3/4

Arconic's CEO is Tim Myers, appointed in Apr 2020, he has a tenure of 3.33 years. His total yearly compensation is $7.77M , comprised of 13.4% salary and 86.6% bonuses, including company stock and options. He directly owns 0.41% of the company’s shares, worth €11.25M. The average tenure of the management team and the board of directors is 3.3 years and 3.6 years respectively.

Key information

Tim Myers

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage	13.4%
CEO tenure	3.3yrs
CEO ownership	0.4%
Management average tenure	3.3yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Myers's remuneration changed compared to Arconic's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2023	n/a	n/a	-US$254m
Mar 31 2023	n/a	n/a	-US$199m
Dec 31 2022	US$8m	US$1m	-US$182m
Sep 30 2022	n/a	n/a	US$53m
Jun 30 2022	n/a	n/a	US$134m
Mar 31 2022	n/a	n/a	-US$407m
Dec 31 2021	US$11m	US$975k	-US$397m
Sep 30 2021	n/a	n/a	-US$423m
Jun 30 2021	n/a	n/a	-US$434m
Mar 31 2021	n/a	n/a	-US$103m
Dec 31 2020	US$6m	US$687k	-US$109m
Sep 30 2020	n/a	n/a	US$123m
Jun 30 2020	n/a	n/a	US$94m
Mar 31 2020	n/a	n/a	US$182m
Dec 31 2019	US$3m	US$574k	US$177m
Sep 30 2019	n/a	n/a	US$108m
Dec 31 2018	US$2m	US$543k	US$187m
Dec 31 2017	US$3m	US$436k	US$209m

Compensation vs Market: Tim's total compensation ($USD7.77M) is above average for companies of similar size in the German market ($USD2.57M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

CEO

Tim Myers (57 yo)

3.3yrs

Tenure

US$7,770,214

Compensation

Mr. Timothy Donald Myers, also known as Tim, serves as the Chief Executive Officer of Arconic Corporation since April 01, 2020 and has been its Director since 2020. He served as an Executive Vice President...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Timothy Myers	CEO & Director	3.3yrs	US$7.77m	0.41% $ 11.2m
Erick Asmussen	Executive VP & CFO	3.3yrs	US$2.27m	0.088% $ 2.4m
Mark Vrablec	Executive VP & Chief Commercial Officer	3.3yrs	US$1.35m	0.11% $ 2.9m
Diana Perreiah	Executive Vice President of Arconic Rolled Products North America	1.6yrs	US$1.60m	0.097% $ 2.7m
Robert Woodall	Executive Vice President of Arconic Rolled Products International & Extrusions	3.6yrs	US$1.39m	0.012% $ 344.8k
Shane Rourke	Director of Investor Relations	no data	no data	no data
Daniel Fayock	Executive VP	1.3yrs	no data	0.027% $ 736.6k
Eric Rasmussen	Vice President of Strategy & Corporate Development	3.6yrs	no data	0.072% $ 2.0m
Melissa Miller	Executive VP & Chief Human Resources Officer	3.3yrs	US$1.61m	0.048% $ 1.3m
Laurent Salah	President of Building & Construction Systems	less than a year	no data	no data
Mary Zik	VP & Controller	3.5yrs	no data	0.042% $ 1.2m
Marcelo F. Morgueta	VP of Finance & Treasurer	2.6yrs	no data	no data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Management: 47I's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Timothy Myers	CEO & Director	3.6yrs	US$7.77m	0.41% $ 11.2m
Ernest O'Neal	Independent Director	3.6yrs	US$285.00k	0.15% $ 4.2m
Jeffrey Stafeil	Independent Director	3.6yrs	US$270.00k	0.025% $ 703.7k
Elmer Doty	Independent Director	3.6yrs	US$270.00k	0.084% $ 2.3m
Jacques Croisetière	Independent Director	3.6yrs	US$295.00k	0.027% $ 741.9k
Carol Eicher	Independent Director	3.6yrs	US$270.00k	0.028% $ 763.2k
Frederick Henderson	Independent Chairman	3.3yrs	US$400.00k	0.043% $ 1.2m
William Austen	Independent Director	3.6yrs	US$290.00k	0.053% $ 1.5m
Christopher Ayers	Independent Director	3.6yrs	US$270.00k	0.091% $ 2.5m
Margaret Billson	Independent Director	3.6yrs	US$270.00k	0.025% $ 703.7k
Ellis Jones	Independent Director	less than a year	US$117.92k	0.012% $ 327.6k

3.6yrs

Average Tenure

64yo

Average Age

Experienced Board: 47I's board of directors are considered experienced (3.6 years average tenure).

This company listing is no longer active

Arconic Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Independent Director recently bought €194k worth of stock

High number of new and inexperienced directors

Arconic Corporation Appoints Ellis A. Jones to Board of Directors and Will Also Serve on the Governance and Nominating Committee of the Board

Insider recently sold €110k worth of stock

Insider recently sold €861k worth of stock

Recent updates

Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) and funds managed by affiliates of Irenic Capital Management acquired Arconic Corporation (NYSE:ARNC) from a group of shareholders.

Arconic's Stock to Be Delisted from the New York Stock Exchange

First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.40 in 1Q 2022)

Funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) and funds managed by affiliates of Irenic Capital Management entered into a definitive agreement to acquire Arconic Corporation (NYSE:ARNC) for $3.1 billion.

Insufficient new directors

Full year 2022 earnings released: US$1.76 loss per share (vs US$3.64 loss in FY 2021)

Arconic Corporation to Report Q4, 2022 Results on Feb 21, 2023

Independent Director recently bought €194k worth of stock

Arconic Corporation (NYSE:ARNC) announces an Equity Buyback for $200 million worth of its shares.

High number of new and inexperienced directors

Promishlennie Investitsii OOO acquired Russian operations from Arconic Corporation (NYSE : ARNC) for $230 million.

Third quarter 2022 earnings released: US$0.64 loss per share (vs US$0.15 profit in 3Q 2021)

Arconic Corporation Revises Earnings Outlook for the Full-Year 2022

Arconic Corporation to Report Q3, 2022 Results on Nov 01, 2022

Arconic Corporation Appoints Ellis A. Jones to Board of Directors and Will Also Serve on the Governance and Nominating Committee of the Board

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Arconic Corporation Revises Earnings Guidance for the Year 2022

Insider recently sold €110k worth of stock

Insider recently sold €861k worth of stock

Arconic Corporation Announces Executive Appointments

Arconic in Talks with Several Potential Buyers of Russian Plant

Second quarter 2022 earnings released: EPS: US$1.08 (vs US$3.88 loss in 2Q 2021)

Arconic Corporation Updates Revenue Outlook for Full-Year 2022

Arconic Corporation to Report Q2, 2022 Results on Aug 02, 2022

Arconic Corporation Revises Earnings Guidance for the Full Year 2022

First quarter 2022 earnings released: EPS: US$0.40 (vs US$0.47 in 1Q 2021)

High number of new and inexperienced directors

Arconic Corporation to Report Q1, 2022 Results on May 03, 2022

Arconic Corporation, Annual General Meeting, May 19, 2022

Arconic Names Daniel Fayock EVP, Chief Legal Officer and Corporate Secretary

Insider recently bought €91k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Arconic Corporation Announces Impairment Charges for the Fourth Quarter Ended December 31, 2021

Arconic Corporation to Report Q4, 2021 Results on Feb 18, 2022

Third quarter 2021 earnings released: EPS US$0.14 (vs US$0.046 in 3Q 2020)

Arconic Corporation Raises Earnings Guidance for the Full Year of 2021

Second quarter 2021 earnings released: US$3.88 loss per share (vs US$1.01 loss in 2Q 2020)

Executive VP & Chief Commercial Officer recently sold €458k worth of stock

First quarter 2021 earnings released: EPS US$0.47 (vs US$0.55 in 1Q 2020)

Arconic Corporation (NYSE:ARNC) announces an Equity Buyback for $300 million worth of its shares.

Executive VP & CFO recently bought €92k worth of stock

Full year 2020 earnings released: US$1.00 loss per share (vs US$1.62 profit in FY 2019)

New 90-day low: €18.70

Arconic Corporation to Report Q4, 2020 Results on Feb 23, 2021

Arconic Corporation(NYSE:ARNC) dropped from INDUSTRIALS

Austin G. Camporin to Step Down from the Board of Arconic Corporation

New 90-day high: €25.60

Third quarter 2020 earnings released: EPS US$0.046

Market bids up stock over the past week

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age