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| November 13, 2008
Patricia F. Russo Appointed to Alcoa Board of Directors
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that its board of directors has
appointed Patricia F. Russo, 56, a director of the company effective
immediately. Ms. Russo is the former chief executive officer of
Alcatel-Lucent, the world's leading communication solutions provider
formed in 2006 by the merger of Alcatel in France and Lucent in the U.S.
Prior to the combination of Alcatel and Lucent, she was Chairman and
Chief Executive Officer of Lucent. She will stand for re-election at the
next shareholders meeting in May 2009.
In making the announcement, Alcoa Chairman Alain Belda said, “Pat
has significant expertise in business and is recognized as one of the
most powerful leaders in business. We welcome her to the Alcoa board of
directors.”
Alcoa CEO Klaus Kleinfeld said, “I worked with
Pat when she was leading Lucent and I have great admiration for her
business skills and abilities. She will be a great asset to our board.”
During Russo’s tenure as Lucent CEO which
began in 2002, Lucent implemented a new operating model, developed a
more customer- and marketing-driven culture, won new business in
emerging markets, expanded the role and reach of Bell Labs, and
successfully completed the merger with Alcatel. She was elevated to
chairman and CEO in 2003. Russo is one of the founding executives of
Lucent, and helped launch the company in 1996. She spent more than 20
years of her career managing some of Lucent’s
and AT&T’s largest divisions and corporate
functions.
Before joining AT&T in 1981, Russo spent eight years in sales and
marketing at IBM. She also served as president and chief operating
officer at Eastman Kodak Company (2001-2002) before returning to Lucent
as CEO in 2002.
In addition to serving on Alcoa’s board of
directors, Russo sits on the board of the Schering-Plough Corporation, a
worldwide, research-based pharmaceutical company, where she chairs the
governance committee.
Russo earned a bachelor’s degree in political
science and history in 1973 from Georgetown University in Washington,
D.C. She completed the Advanced Management Program at Harvard University
in 1989. Russo received an Honorary Doctorate of Engineering from
Stevens Institute of Technology, as well as an Honorary Doctorate in
Entrepreneurial Studies from Columbia College in South Carolina.
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(R) wheels, fastening systems, precision and investment
castings, and building systems. The Company has 97,000 employees in 34
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
MULTIMEDIA AVAILABLE: http://home.businesswire.com/portal/site/alcoa/index.jsp?epi-content=MULTIMEDIA_GALLERY_PUBLIC_VIEW
&newsId=20081113006346
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