On March 31, 2020, in connection with the Separation and the Distribution Howmet Aerospace Inc. (formerly known as Arconic Inc.) (the Company), entered into several agreements with Arconic Corporation. On April 1, 2020, the Company completed the previously announced separation of its business into two independent, publicly traded companies. Effective as of the Separation, Timothy D. Myers, former Executive Vice President of the Company and Group President, Global Rolled Products, resigned from his position with the Company.

Mr. Myers became Chief Executive Officer of Arconic Corporation. In addition, effective as of the Separation, Tolga Oal became Co-Chief Executive Officer and a director of the Company and John C. Plant, who previously served as Chief Executive Officer of the Company, became Co-Chief Executive Officer and continued as Executive Chairman of the Company. In addition, in connection with the Separation and the Distribution, Messrs.

Christopher L. Ayers, Elmer L. Doty, and E. Stanley O'Neal resigned as directors of the Company to serve on the Board of Directors of Arconic Corporation, effective as of immediately prior to the Separation. Effective as of the Separation, Joseph S. Cantie, Robert F. Leduc, Jody G. Miller and Nicole W. Piasecki became directors of the Company. Mr. Cantie became a member of the Audit, Compensation and Benefits, and Finance Committees.

Mr. Leduc became Chair of the Compensation and Benefits Committee. Ms. Miller became a member of the Governance and Nominating Committee. Ms. Piasecki became a member of the Compensation and Benefits Committee.

In addition, effective as of the Separation, James F. Albaugh, who was already a director of the Company, became Lead Independent Director of the Company's Board of Directors.