Alcoa names 3 new directors to board in deal with Elliott Alcoa named three new board members in a deal with a major stakeholder as the company prepares to split in two. In exchange, activist investor Elliott Management, which owns about 7.5 percent of Alcoa's stock, will support the aluminum maker's choice of directors who are up for election this year during May's annual shareholder's meeting.
Source: The Associated Press
| By: By The Associated Press
UPDATE 1-Alcoa to appoint three new members to board Ulrich Schmidt, John Plant and Sean Mahoney will add valuable aerospace and automotive experience to the board, Alcoa said on Monday. Schmidt is the former chief financial officer of aircraft parts maker Spirit Aerosystems Holdings Inc, while Plant is the former chief executive of TRW Automotive. Mahoney currently serves on the boards of Delphi Automotive...