Arconic Inc. announced that its Board of Directors has approved the completion of the Company's separation into two independent, publicly traded companies. The separation is scheduled to become effective on April 1, 2020 before the opening of the New York Stock Exchange. Timothy D. Myers will serve as Arconic Corporation Chief Executive Officer.

The Arconic Inc. Board has also named new directors to the Arconic Corporation and Howmet Aerospace Boards: Joining the Arconic Corporation Board of Directors will be: Timothy Myers; William Austen; Christopher Ayers; Margaret Billson; Austin Camporin; Jacques Croisetiere; Elmer Doty; Carol Eicher; Fritz Henderson; E. Stanley O'Neal; and Jeffrey Stafeil.