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August 23, 2010

Chris Ayers Elected Executive Vice President of Alcoa, Chief Operating Officer for Alcoa’s Global Primary Products Business

NEW YORK--Alcoa (NYSE: AA) announced today that its Board of Directors has elected Chris L. Ayers an Executive Vice President of the Company. Additionally, Ayers has been named Chief Operating Officer for Alcoa’s Global Primary Products business, effective immediately.

“Chris has a proven track record for translating operational performance into sustainable financial outcomes,” said Alcoa Chairman and CEO Klaus Kleinfeld. “Since joining Alcoa earlier this year, he has quickly made his mark as a results-oriented leader.”

Ayers had been Chief Operating Officer, Cast, Forged and Extruded Products within Alcoa’s Engineered Products and Solutions business. In this role, he was responsible for the Alcoa Forging and Extrusions, Alcoa Power and Propulsion and the Alcoa Oil and Gas businesses.

In his new role, Ayers will work to leverage Alcoa Global Primary Products strategic advantages across the regions in which it operates, uniting the strengths of the Company’s technical and operating teams to set new standards in world class performance. He will report to John Thuestad, Executive Vice President of Alcoa and Group President of Alcoa Global Primary Products.

“Chris will play an important role in integrating our solid presence in five strategic regions with our technological leadership in the four drivers of the Primary business – mining, refining, smelting and energy,” Thuestad said.

Alcoa operates 23 aluminum smelters around the globe, nine alumina refineries and has bauxite assets in Australia, Brazil, Jamaica, Suriname and Guinea. Alcoa’s global aluminum smelting capacity totals 4.5 million metric tons, and its global alumina capacity totals more than 18 million metric tons.

Ayers joined Alcoa in February 2010 as Chief Operating Officer, Alcoa Cast, Forged and Extruded Products, a new position. He was elected a vice president of Alcoa in April 2010, and executive vice president of the company in August 2010.

Prior to joining Alcoa, he was President of the Forgings Division of Precision Castparts Corporation. This unit is composed of two separate companies: Wyman Gordon Forgings and Special Metals Corporation. When Ayers led PCC Forgings, this business had $3.5 billion in revenues and 5,500 employees in facilities located in North America, Europe, United Kingdom, and Australia. He was president of Wyman Gordon Forgings from 2004–2006.

Ayers began his career with United Technologies Corporation, working in a number of assignments in its Pratt & Whitney business. Later, he joined PCC Airfoils, Inc., a manufacturer of airfoil castings for the aerospace and industrial gas turbine industry, where he was Vice President/General Manager of facilities in Cleveland, Ohio. He was also the Managing Director of facilities located in both Leeds and Leicester, England. Ayers joined Precision Castparts in 1999.

He is a member of the board of directors of Universal Stainless & Alloy Products, Inc., a manufacturer and marketer of a range of semi-finished and finished specialty steels, including stainless steel, tool steel and other alloyed steels

Ayers is a graduate of the Georgia Institute of Technology, where he received a bachelor’s and master’s degree in aerospace engineering. He obtained an MBA degree from the University of Connecticut.

About Alcoa
Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for eight consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.