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January 21, 2011

Alcoa Board of Directors Elects John Kenna Vice President, Tax; Olivier Jarrault Elected Executive Vice President

NEW YORK--Alcoa (NYSE:AA) announced today that its Board of Directors has elected John Kenna, 50, as Vice President, Tax and an Officer of the company. He had been serving as Acting Director of the Tax Department since May 2010. The Board also elected Olivier Jarrault, 49, to the additional position of Executive Vice President of the Company. He was recently appointed President, Alcoa Engineered Products and Solutions.

In announcing Mr. Kenna’s promotion, Chuck McLane, Alcoa Executive Vice President and Chief Financial Officer, said: “John has played an important role in supporting transactions, tax accounting, tax planning and completing IRS audits. I’m confident of his ability to lead the Tax Department, as we continue to operate and deal with the inherent complexities of operating in tax jurisdictions around the globe.”

Mr. Kenna joined Alcoa in 2002 after a successful career as a tax partner in Ernst & Young’s International Tax Group, where he coordinated tax activities for large multinational clients. While working in all areas of Alcoa’s Tax Department, Mr. Kenna has focused most of his activities on international transactions, compliance and tax accounting. A Certified Public Accountant, Mr. Kenna holds a bachelor’s degree in Accounting from The Pennsylvania State University.

Earlier this month, Mr. Jarrault was named President of Alcoa’s Engineered Products and Solutions (EPS) business group, which comprises six global businesses involved in the aerospace, automotive, commercial transportation, building and construction, oil and gas, and fastening systems markets. Together, the EPS businesses had revenues of $4.6 billion in 2010. Previously, he was chief operating officer for Alcoa Engineered Products and Building Systems where he was responsible for the Alcoa Fastening Systems, Alcoa Wheel and Transportation Products, and Building and Construction Systems businesses. Mr. Jarrault was elected a vice president of Alcoa in 2006.

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of 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 nine 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