Arconic said Kleinfeld's action "showed poor judgment" on his part.
The ouster comes after the company's board learned that he sent a letter directly to Elliott Management, an institutional investment group that has been pushing for Kleinfeld's ouster, without authorization from the board.
Arconic Inc ARNC.N said on Monday Chief Executive Klaus Kleinfeld resigned after the USA specialty metals maker found he sent a letter in "poor judgment" to Elliott Management, with whom it is embroiled in a proxy war and which used the chance to again criticize the company's board. The internal battle between Kleinfeld and Elliott had been going on ever since the company was created by a split with the commodity aluminum production half of what used to be Alcoa, Inc., that company is now Alcoa, Corp.
Arconic's shares jumped eight per cent to $28 per share following the news on Monday morning in NY.
Elliott reported in March that Spirit AeroSystems had said Lawson breached a non-compete clause in his retirement contract by consulting for Elliott, a view the hedge fund has said it disagreed with.
Elliott Management, the activist hedge fund run by Paul Singer, has made some shocking claims about Arconic's newly departed CEO, who resigned Monday amid an ongoing effort by the activist fund to persuade the company to get a new chief. Elliott said it believed that Lawson's work as a consultant or his potential role as Arconic CEO were not in violation of the non-compete clause.
Elliott was not immediately available for comment.
Klaus Kleinfeld agreed to leave his job as a result of a challenge from the company's largest shareholder, Elliott Management Corp.
Arconic shares initially surged by as much as 9 percent following the news of Kleinfeld's resignation.
Keepers described April as "out of it", Thursday, noting "distracted behavior versus her normal inquisitive, treat-begging self". The shutdown didn't last long, however, and fervent April watchers were once again allowed their favorite Beckettian pastime.
Africa Command spokesman Pat Barnes told VOA on April 14. "It gives them the tools to help themselves", DeLeon said. The troops arrived in their dozens in Somalia's capital city on April 2 from the 101st Airborne Division in Ft.
But it was also down to a rather unusual diet of three eggs - two raw - each day for more than 90 years. She survived several hardships including leaving an abusive marriage and the death of her only son.
In this undated Gwinnett County Police Department photo, Master Police Officer Robert McDonald poses for an official portrait. The results will be turned over to the county district attorney, who will decide whether to prosecute McDonald.
The current share price indicates that stock is -8.61% away from its one year high and is moving 53.67% ahead of its 52-week low. The firm had troubles with its consumer and community banking unit but this offset due to its revenues in commercial banking.
Snap, which owns the Snapchat app, has denounced the former employee's claims as "ridiculous" to several India media sites . Snapchat's App Store Rankings on iOS are down to one star thanks to angry Indian users, over Evan Spiegel's comment .
MONDAY NIGHT: Partly cloudy skies and cool temperatures will be around with an overnight low temperature of 53 degrees. Low areas including Dundee will be mostly dry with sunny spells, whereas hilly Perthshire will see a flurry of snow.
Of course, the wild card here is this: If Bannon is eventually ousted, does he train Breitbart's sights on Trump? There's some truth to Trump's rejection of the idea that Bannon wasn't brought in to help him shift his strategy.
Evans, who completed his 52nd marathon overall, said he wanted to show that Boston is back to normal. "Not easy", Kirui said. Also running on Monday was Ben Beach, who completed the race for an unprecedented 50th time in a row. "The roads were good".
The much-awaited fourth calf of April the giraffe has yet to arrive, making a few curious followers doubt the pregnancy. HARPURSVILLE, N.Y. (AP) A NY zoo's livestream video of its pregnant giraffe is showing her giving birth.
The UN motion also would have forced the Syrian Assad government to cooperate in an worldwide investigation into the incident. President Donald Trump has declared that United States relations with Russian Federation "may be at an all-time low".
Gov. Scott Walker's Easter Egg hunt is back on
Many churches also will set out eggs for children to find during their Easter services on Sunday as well. Pleasant Grove Easter Egg Hunt : Saturday, April 15 at Hee Haw Farms (150 S. 2000 W.) at 10:30 a.m.