Arconic plans global portfolio review after difficult Q4

Arconic Inc plans to spend 2018 evaluating its global portfolio, according to the company’s top executive, framing it as a “learning exercise” but leaving the possibility open for big changes.

“We will look at everything, but this primarily [is] a tool to learn how we can [better] compete,” according to chief executive officer (CEO) Charles "Chip" Blankenship, who was announced as successor to interim CEO David Hess last October.
The review is “an important exercise, but not urgent,” Blankenship said during Arconic's quarterly earnings call on Monday February 5, adding that the review would take place in-house, with outside consultants only hired if the company deems it necessary.

The company's portfolio review will conclude in 2018 and an action plan will be ready for...

Published

Kirk Maltais

February 06, 2018

01:30 GMT