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| October 8, 2007
Elkem's John Thuestad to Join Alcoa as President, Global Primary Products - United States
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that John Thuestad, 47, President and
CEO of metals and materials company Elkem AS of Norway, will join Alcoa
effective January 1, 2008, in the newly created position of President,
Global Primary Products - United States. In this position, Mr. Thuestad
will have accountability for Alcoa’s 10
aluminum smelters in the U.S. and the alumina refinery in Pt. Comfort,
Texas.
“John brings a strong knowledge of the
aluminum business and shares many of the same Values as we do at Alcoa
particularly regarding safety, health and environmental sustainability.
Alcoa’s 45-year presence in Norway was
established through a partnership with Elkem, and the two companies have
had a long relationship in technology sharing and development,”
said Bernt Reitan, Alcoa Executive Vice President and Group President,
Global Primary Products.
Mr. Thuestad has been President and CEO of Elkem AS in Norway since
2005. For five years, from 2000-2005, he was senior vice president,
Aluminium Division and Managing Director of 50%-Alcoa owned Elkem
Aluminium ANS. He also held managing director positions at Norzink Odda
and Hydro Aluminium as well as production, marketing and project
management positions at the Bremanger and Salten Silicon plants and
Elkem Engineering Division in Norway. From 1988-1992 he was
sales/marketing manager with Elkem Metals USA based in Pittsburgh.
During this time, he earned an MBA degree from Carnegie Mellon
University.
About Alcoa
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 including flat-rolled products, hard alloy
extrusions, and forgings, Alcoa also markets Alcoa®
wheels, fastening systems, precision and investment castings, structures
and building systems. The company has 116,000 employees in 44 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
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