February 2, 2010

Alcoa Re-Aligns Engineered Products and Solutions Business to Accelerate Growth Initiatives

Two New Chief Operating Officer Posts Created Led by Chris Ayers and Olivier Jarrault

NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today a re-alignment of its Engineered Products and Solutions (EPS) business to accelerate its growth. The EPS business is composed of Alcoa units that serve the aerospace, automotive, commercial transportation, building and construction, and oil and gas markets. The EPS businesses reported revenues totaling nearly $4.7 billion in 2009.

 
As part of the restructuring, two new chief operating officer positions have been created. Effective February 1, 2010, Chris L. Ayers and Olivier M. Jarrault have been named to the new posts. Mr. Ayers joins Alcoa as Chief Operating Officer, Alcoa Cast, Forged and Extruded Products. He will be responsible for the Alcoa Forgings and Extrusions, Alcoa Power and Propulsion, and the Alcoa Oil and Gas businesses. He comes from Precision Castparts Corporation where he was President of its Forgings and Special Metals Division.

Mr. Jarrault is promoted to the new position of Chief Operating Officer, Engineered Products and Building Systems. He will lead the Alcoa Fastening Systems, Alcoa Wheels and Transportation Products, and Building and Construction Systems business units. Mr. Jarrault has been President, Alcoa Fastening Systems since 2002.

Succeeding Mr. Jarrault as President, Alcoa Fastening Systems is Vitaliy V. Rusakov. He had been Vice President and General Manager of Operations, Alcoa Fastening Systems North America Aerospace, responsible for the City of Industry, the Carson, and the Van Petty Operations, based in California, and led the implementation of AFS Strategic initiatives in Suzhou, China for his operations.

Alcoa also announced that David W. Schlendorf, President, Alcoa Building and Construction Systems, will retire following a distinguished 39-year career with the company. He will be replaced by Glen G. Morrison, who was President, Kawneer North America, a major manufacturer of architectural aluminum building products and systems and part of Alcoa’s Building and Construction Systems organization.

“These changes strengthen the Engineered Products business globally as we drive for further growth. These leaders have proven track records in raising market presence and stimulating profitable performance in their businesses,” said Bill Christopher, Alcoa Executive Vice President and Group President Engineered Product and Solutions.

Addressing the retirement of Mr. Schlendorf, Mr. Christopher said, “Dave has had an exemplary career with Alcoa. During his tenure, he was responsible for several market development efforts, including the aluminum structured car. As President of Alcoa Building and Construction Systems, Dave was key in structuring the various units of the business, while positioning them as leaders in each segment they play in today.”

Biographical information follows:

Chris Ayers

Chris Ayers joins Alcoa as Chief Operating Officer responsible for the Alcoa Forgings and Extrusions, Alcoa Power and Propulsion, and Alcoa Oil and Gas businesses. Mr. Ayers brings to Alcoa extensive experience in the aerospace industry serving in posts in North America and Europe. Most recently, he worked for Precision Castparts Corporation, where he was President, PCC Forgings Division, which is comprised of two separate companies: Wyman Gordon Forgings and Special Metals Corporation. This business has $3.5 billion in revenues and 5,500 employees in facilities located in North America, Europe, UK and Australia. From 2004-2006, he was President of Wyman Gordon Forgings.

Mr. Ayers began his career with United Technologies Corporation, working in a number of assignments in its Pratt & Whitney business. Later, he joined PCC Airfoil, Inc., a manufacturer of airfoil castings for the aerospace and industrial gas turbine industry, where he was Vice President/General Manager of facilities in Cleveland, Ohio. He was also Managing Director of facilities located in both Leeds and Leicester, England. He joined Precision Castparts in 1999.

Mr. Ayers is a graduate of Georgia Institute of Technology, where he received a bachelor’s and master’s degree in aerospace engineering. He holds a MBA degree from the University of Connecticut.

He serves on the board of directors of Universal Stainless & Alloy Products, Inc., a manufacturer and marketer of a range of semi-finished and finished specialty steels, including stainless steel, tool steel and other alloyed steels.

Olivier M. Jarrault

Olivier Jarrault joined Alcoa in 2002 as President of Alcoa Fastening Systems (AFS), following Alcoa’s acquisition of Fairchild Fasteners from The Fairchild Corporation. AFS is a premier supplier of joining systems under the Huck and Fairchild products brands for aerospace and commercial customers worldwide. While at Fairchild Fasteners, Mr. Jarrault held several senior roles, including Vice President, Manufacturing, Vice Chief Operating Officer for U.S. Operations, and culminating as Chief Operating Officer of Fairchild Fasteners. Earlier, Mr. Jarrault worked for LISI Aerospace, a manufacturer of fastening solutions, in executive positions in North America and Europe.

Mr. Jarrault is a graduate of the California Institute of Technology where he obtained a Master of Science degree in Mechanical Engineering and a graduate of the UCLA Anderson School of Business, where he received his MBA degree.

Vitaliy Rusakov

Mr. Rusakov joined Fairchild Fasteners in 1998 as a business development manager. Alcoa acquired Fairchild Fasteners in 2002 and Mr. Rusakov became engaged in global strategic roles leading the integration of AFS North America manufacturing and AFS Global logistics organizations into Alcoa. Subsequently, he held various operational roles including Director of Operations of the City of Industry Business and Director of Aerospace Business Planning. He most recently served as Vice President and General Manager, Alcoa Fastening Systems, North America Aerospace, responsible for the City of Industry, the Carson, and the Van Petty Operations, and led the implementation of AFS Strategic initiatives in Suzhou, China for his operations.

Earlier in his career in Ukraine, Mr. Rusakov held consulting roles with Bain and Company, a global management consulting firm.

He holds a Bachelor’s degree in Linguistics and Education from Kiev University of Linguistics and a Bachelor’s degree in International Economic Relations from Kiev University of Economics. He obtained his MBA degree from Georgetown University.

Glen Morrison

Glen Morrison has played a vital role for Alcoa in the building and construction industry since he joined the company in 1991 as Sales and Marketing Director for Kawneer UK. Kawneer, part of the Alcoa Building and Construction Systems group, is a major manufacturer of architectural aluminum products for the commercial construction industry.

Mr. Morrison progressed to Marketing Director for Alcoa Building and Construction Systems, then General Manager of the Alcoa Architectural Products unit of Building and Construction Systems. In 2005, he was named to his most recent position as President, Kawneer North America, based in Atlanta. Kawneer North America operates plants and service centers throughout the U.S. and Canada.

Mr. Morrison holds a Bachelor’s degree in Business Studies from Lanchester Polytechnic in the UK.

David W. Schlendorf

Mr. Schlendorf’s 39-year career with Alcoa includes a number of executive commercial and technical positions. He began his Alcoa career in 1971 as a sales representative in Los Angeles, following graduation from the Colorado School of Mines with a degree in metallurgy. Subsequently, he moved into the role of Market Manager in the Alumina and Specialty Chemicals business in 1979, where he was responsible for sales of smelter grade alumina. He was promoted to Manager, Engineering Properties and Design Division at the Alcoa Technical Center, outside of Pittsburgh, in 1981 where he led various functions. He then moved into the role of Marketing Manager, Transportation for the Flat Rolled Products Division in 1983 with focus on marketing of sheet and plate products to the commercial and passenger automotive markets. Mr. Schlendorf also led the effort to develop the aluminum structured car as Venture Manager – Aluminum Intensive Vehicle from 1986 to 1992. He was promoted to President in 1992 where he managed the Alcoa Automotive Structures group in Europe. In 2000, Mr. Schlendorf was promoted to President, Building and Construction Systems. The business has plants and offices in 12 countries in North America, Europe, North Africa, Asia, and the Middle East.

About Alcoa

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, and building systems. The Company has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland and has been a member of the Dow Jones Sustainability Index for eight consecutive years. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com


Chris L. Ayers


Chief Operating Officer, Alcoa Cast, Forged and Extruded Products




Olivier M. Jarrault


Chief Operating Officer, Engineered Products and Building Systems




Vitaliy V. Rusakov


President, Alcoa Fastening Systems