(Reuters) Hedge fund Elliott Management Corp said on Thursday it had raised its stake in specialty metals maker Arconic Inc to about 13 percent and stepped up pressure for the ouster of Chief Executive Klaus Kleinfeld. Elliott also made a big push for hiring Larry Lawson, former CEO of aircraft parts maker Spirit AeroSystems Holdings Inc, for the top job at the company, saying Arconic shareholders deserved a “proven operator” as CEO.
Elliott Raises Stake in Arconic, Pushes Harder for CEO Ouster
This entry was posted in Syndicated. Bookmark the permalink.
