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April 6, 2011

Alcoa Receives Proclamation for Female Diversity on Board of Directors

PITTSBURGH--Pennsylvania Treasurer Rob McCord recognized Alcoa’s commitment to gender diversity today with a Proclamation of Honor as one of five publicly traded companies in Pittsburgh’s “Top 50” with at least three women currently serving on its board of directors.

The honor is based on research by Catalyst and Vicki Kramer and Associates that shows company boards need at least three women members for gender diversity to have genuine impact.

Julie Caponi, Vice President of Audit at Alcoa, accepted the honor on behalf of the company.

“Alcoa values diversity at all levels of the corporation and we are proud to have such outstanding leaders and important female role models on our board of directors,” Caponi said. “We commend the State of Pennsylvania for recognizing the economic benefit that diversity brings. As we continue our journey to improve diversity throughout Alcoa, we hope that this honor will encourage other companies to place greater value on diversity.”

Alcoa’s three female directors include:

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  Kathryn Fuller, who was elected to the board of directors in 2002. She is a member of the Compensation and Benefits Committee and Public Issues Committee. Ms. Fuller is Chair of the Smithsonian's National Museum of Natural History, the world's preeminent museum and research complex, and she also currently serves on the board of The Robert Wood Johnson Foundation, a leading philanthropy in the field of health and health care.
 
Ms. Fuller retired as Chair, The Ford Foundation, a non-profit organization, in September 2010, after having served in that position since May 2004. Ms. Fuller retired as President and Chief Executive Officer of World Wildlife Fund U.S. (WWF), one of the world’s largest nature conservation organizations, in July 2005, after having served in those positions since 1989. Ms. Fuller continues her affiliation with WWF as President Emerita and an honorary member of the board of directors.
 
-- Dr. Judith Gueron, who was elected to the board of directors in 1988. Dr. Gueron is Lead Director, Chairman of the Governance and Nominating Committee and a member of the Executive Committee and the Public Issues Committee. Dr. Gueron is Scholar in Residence and President Emerita of MDRC, a nonprofit research organization that designs, manages and studies projects to increase the self-sufficiency of economically disadvantaged groups.
 
A widely published, nationally recognized expert on employment and training, poverty and family assistance, Dr. Gueron is the author of “From Welfare to Work.” She is the recipient of the inaugural Richard E. Neustadt Award from the John F. Kennedy School of Government, Harvard University.
 
-- Patricia Russo, who was elected to the board of directors in 2008. She is a member of the Compensation and Benefits Committee, the Executive Committee and the Governance and Nominating Committee. Ms. Russo is the lead director of General Motors Company. She also serves as a director of Merck & Co., Inc., Hewlett-Packard Company and Kohlberg Kravis Roberts & Co.
 

As Chief Executive Officer of Lucent Technologies Inc., she led the cross-border merger negotiations with Alcatel, a French communications company, and became Alcatel Lucent’s first chief executive until her retirement as chief executive in 2008.

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.