Investors believe new leadership will help Arconic capitalize its cost-cutting efforts, said Jorge Beristain, managing director and head of America's metals and mining equity research at Deutsche Bank, on CNBC's "Power Lunch" on Monday.
"The fact he's stepping down one full month ahead of schedule pretty much clears the way for the slate that Elliott is nominating," Beristain said.
Elliott has nominated 5 people to
Beristain said Lawson "comes from a background of delivering results, and I think that's largely related to the rally that
The stock closed more than 3 percent higher Monday.
Watch: Arconic CEO ousted