MASSENA â The current human resources manager for Arconicâs Massena Operations has been named the new plant manager.
Eowyn Hewey will replace Steve Rombough, who is retiring effective June 1, Arconic Corporation announced in a news release Thursday.
Mr. Rombough has been with Arconic since March 31, 1998, beginning as a process engineer. Arconic officials said his career has led him along the management track â potroom and aluminum services superintendent, casthouse manager and manufacturing manager, culminating with his appointment as the plant manager.
In addition to his work at Arconic, Mr. Rombough has served on the Board of Directors of the Massena Hospital Foundation.
Arconic Inc (ARNC) Q1 2021 Earnings Call Transcript
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Aluminum manufacturer Arconic Corporation on Thursday announced that it had transferred roughly $1 billion in pension plan obligations to Massachusetts Mutual Life Insurance Company, joining a number of other U.S. companies that have recently offloaded pension liabilities to insurers.
The announcement comes just a few months after one of the busiest quarters for pension risk transfer deals in the last decade, and points to continued appetite among corporate pensions for annuity buyouts.
This latest group annuity contract marks Arconic’s third pension risk transfer transaction in the past year, according to a Pensions & Investments report. Arconic said Thursday that the deal entails the transfer of pension liabilities for around 8,400 retirees and benefices to MassMutual.