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Arconic Replaces CEO in Slap to Hedge Fund Elliott Management

(New York Post) Activist hedge fund Elliott Management suffered a setback in its push to sell aluminum company Arconic following an unexpected C-Suite reshuffling that ousted a major Elliott ally, sources told The Post. The New York aluminum parts company Wednesday announced that its chairman, John Plant, 65, is taking over as chief executive — replacing Elliott ally Charles “Chip” Blankenship, who held the top spot since January 2018.

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