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May 26, 2006
Alcoa Names Two to New Positions in China
NEW YORK & BEIJING, China--(BUSINESS WIRE)--May 26, 2006--Alcoa (NYSE:AA) announced today that it is expanding its team of key leaders in China, as the company focuses on growing its presence in the country. Effective immediately, Randy E. Phillips, 47, has been appointed to the new position of President, China Corporate Development, and Bob Larson, 50, was named President, China Mill Products. Mr. Phillips will lead and support Alcoa's growth initiative in China, including negotiation and execution of joint ventures, mergers and acquisitions, strategy development, as well as greenfield and brownfield projects. Mr. Larson is responsible for Alcoa's growing rolled products business in China, customer relationships and day-to-day operations. Lloyd Jones, 53, will continue as Regional President of Alcoa Asia with overall responsibility for finance, procurement, government affairs, human resources and other regional administrative and coordination activities.
"Both Randy and Bob possess strong capabilities that will enhance Alcoa's ability to execute its global growth strategy for China. Randy has broad experience involving strategic alliances and other corporate growth activities, and Bob brings extensive knowledge of rolled products from commercial foil to aerospace plate," said Alcoa Chairman and CEO Alain Belda.
Mr. Phillips joined Alcoa in 2003 as director of corporate development, following a distinguished 20 year career with TRW Inc., where he had been vice president of corporate development. His other assignments at TRW included deputy director of TRW Transportation & Support Systems and director of Strategic Development for the TRW Avionics & Surveillance Group.
Mr. Larson has 28 years experience with Alcoa, having served in positions of increasing responsibility in the communications, sales and marketing, and new product development areas. Most recently, he was vice president, Sales and Marketing for Alcoa's Mill Products business, which makes aluminum sheet and plate for customers in the aerospace, automotive, building and construction, and commercial transportation markets. He also has served as vice president, Sales and Marketing for Rigid Packaging, Alcoa's global can sheet business.
About Alcoa in China
Alcoa's presence in China began in 1993 with the creation of the Alcoa Asia Ltd. representative office in Beijing. Since then, Alcoa has established 15 operating locations that provide innovative solutions for customers in all major markets. Products produced include foil, fasteners, automotive components, construction products, plastic closures, and decorative sheet. One of Alcoa's facilities - the Bohai plant in Qinghuangdao - is the largest foil producer and exporter in China.
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 closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 43 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com