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Hugh M. Morgan Elected To Alcoa Board of Directors
Sir Arvi Parbo and Forrest N. Shumway Retire from Alcoa Board PITTSBURGH, Pa.--May 8, 1998--
Hugh M. Morgan, managing director and chief executive officer of WMC
Limited, a global mineral resources company based in Australia, has been
elected to the Board of Directors of Alcoa. Mr. Morgan's three-year term
begins immediately. Retiring from the Board are Sir Arvi Parbo and
Forrest N. Shumway. Sir Arvi, chairman of WMC Limited, has served as a
director since 1980, and Mr. Shumway, retired chairman of the executive
committee of AlliedSignal Inc., was first elected to the Alcoa Board in
Biographical information on Mr. Morgan: Mr. Morgan, 57 years old,
joined WMC as executive director in 1976, became managing director in
1986 and assumed the additional post as chief executive officer in 1990.
Prior to joining WMC, Mr. Morgan was director of marketing and finance
for North Broken Hill Limited.
Mr. Morgan has been a director of Alcoa of Australia Limited since 1977.
Alcoa of Australia, the world's largest alumina producer, is owned by
Alcoa and WMC Limited. Mr. Morgan is also a member of the Board of the
Reserve Bank of Australia. In addition, he is vice president of the
Australia Japan Business Co-operation Committee, vice chairman of the
International Council on Metals and the Environment, president of the
Australian German Association, a trustee of The Asia Society and
chairman of the Asia Society AustralAsia Centre.
Mr. Morgan has been the recipient of numerous awards and distinctions
including being named Officer of the Order of Australia (A.O.) in 1987
for service to the minerals industry and to the arts. He is also
affiliated with several industrial and nonindustrial associations and