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February 20, 2006
V. Lance Mitchell Named President of Alcoa Closure Systems International
PITTSBURGH & INDIANAPOLIS--(BUSINESS WIRE)--Feb. 20, 2006--Alcoa (NYSE:AA) announced today that V. Lance Mitchell, 46, has joined Alcoa as president, Alcoa Closure Systems International (CSI), the Alcoa Packaging & Consumer business headquartered in Indianapolis, Ind., that provides plastic and aluminum closures, packaging equipment and technical services to food and beverage makers worldwide. Alcoa CSI has 27 locations worldwide, employing about 3,000 people.
Most recently, Mr. Mitchell worked for PolyOne Corporation, the world's largest polymer services company, located in Avon Lake, Ohio, as Group Vice President responsible for three of its major businesses, Color and Additive Masterbatch, Engineering Compounds and International, overseeing more than 18 locations worldwide.
"We are pleased to welcome Lance to Alcoa's Packaging and Consumer Products team. His proven accomplishments in meeting growth objectives, leadership and expertise in product management are benefits to our organization as we focus on our growth strategy," said Ruth Mack, Vice President, Alcoa and Group President, Packaging and Consumer.
Following is biographical information on Lance Mitchell:
Lance Mitchell joined Alcoa in February 2006 as president of Alcoa Closures Systems International, a leading supplier of plastic and aluminum closures and packaging equipment to the food and beverage industry worldwide. Alcoa CSI is part of Alcoa's Packaging and Consumer group, which had revenues of $3.2 billion in 2005. Mr. Mitchell had extensive experience in business and product management. Most recently, he served as group vice president at PolyOne Corporation, the world's largest polymer services company, based in Avon Lake, Ohio. His accountabilities included responsibility for three main businesses, Colorants, Engineering Compounds and International. From 1997 until 2000, he was vice president and General Manager of Compounds for The Geon Company, a polymer service and technology company. In 2000, Geon combined with MA Hanna, a specialty polymer company, to form PolyOne Corporation. Mr. Mitchell led the integration team combining the two companies' compound businesses. Previously, he worked for eight years for BF Goodrich in business and sales director positions. He also held sales and marketing and business management positions with Owens Corning Fiberglass Corporation and Avery Dennison Corporation.
Mr. Mitchell obtained a bachelor's degree in business in 1981 from Bowling Green State University in Ohio and is the recipient of the Bowling Green State University Distinguished Service Award for community involvement.
About CSI and Alcoa
Alcoa Closure Systems International, Inc. (CSI) is recognized as a world leader in closure systems and packaging, and provider of quality products and service support to the beverage industry. CSI's major markets include carbonated soft drink, juice, isotonic, bottled water, beer, dairy, food, liquor, personal care, and motor oil. In its 27 operating locations and offices worldwide, CSI employs nearly 3,000 persons. The company is guided by principles of strict customer satisfaction, total quality manufacturing and technical service, all tied to specific customer needs.
In addition to closures and capping equipment, Alcoa Inc. offers a complete selection of packaging products to manufacturers and consumers including aluminum rigid container sheet for the packaging and consumer products market, formed plastic containers, converter foil and formed container stock; printed, coated and laminated films; paper and foil combinations, shrink films and over wrap; custom-formed sterile plastic containers for medical supplies, tools and electronics.
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active 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, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 42 countries and has been named one of the top three most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com
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