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October 17, 2011

Alcoa Realigns Latin America Organization to Drive Growth

NEW YORK--Alcoa today announced that two top executives will assume new responsibilities and it will create a Latin America & Caribbean (LA&C) regional headquarters to accelerate growth in the region. The executive changes will become effective Jan. 1, 2012.

Franklin L. (Frank) Feder will become Regional Chief Executive Officer of Latin American & Caribbean and will lead the new LA&C headquarters, reporting to Alcoa Chairman and CEO Klaus Kleinfeld. Feder will oversee a Latin America Regional Council that will bring together all Alcoa business groups in a focused effort to drive the Company’s growth agenda. Feder was most recently President, Global Primary Products LA&C.

“Brazil has long been an important region to Alcoa, particularly in our upstream businesses, but with Brazil’s rapidly growing economy, its strategic importance to Alcoa extends beyond our Global Primary Product business,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer.

“Frank is the ideal leader for this regional effort. During his 21-year Alcoa career, he has developed strong relationships inside and outside the Company that will enable him to guide and oversee the execution of our portfolio and market strategies in the region,” said Kleinfeld.

Succeeding Feder is Marcos Ramos who is appointed President, Global Primary Products, Latin America & Caribbean. He will oversee all of Global Primary Products businesses in the region, and report to Chris Ayers, Executive Vice President, and Group President Global Primary Products. Ramos was most recently President of Alcoa Europe and Global Primary Products Europe.

“In his role as the European Regional President, Marcos has clearly shown an ability to handle multinational and multicultural complexities,” said Chris Ayers. “Marcos and his team have successfully moved the region into one of Alcoa’s most efficient Primary regions worldwide. We’re confident that he will take our Latin America & Caribbean Primary Products operations to the next level.”

Franklin L. (Frank) Feder

Feder joined Alcoa Aluminio, Alcoa’s Brazilian affiliate, in 1990 as director of Corporate Planning, and then served as Chief Financial Officer from 1994 until 1999. Frank transferred to the U.S. in 1999 where, until early 2001, he worked in Alcoa’s Corporate Development organization in Pittsburgh. During this period, he also served as liaison and coordinator of Alcoa’s corporate and business strategy review. In 2001, he was named a vice president of Alcoa and Vice President, Analysis and Planning based in New York. In this assignment, he was responsible for providing business and financial analysis at Alcoa’s corporate level, including support for internal and external financial reporting, coordination of the operating planning process and engagement in global finance initiatives. In 2006, Frank was named President, Alcoa Latin America and President, Global Primary Products LA&C in October 2007.

Frank graduated from the Getulio Vargas Foundation in Sao Paulo in 1972 with a degree in business. He also obtained an MBA degree in 1977 from the International Management Development Institute (IMD) in Lausanne, Switzerland.

Marcos Ramos

A native of Brazil, Ramos joined Alcoa Aluminio in Brazil in 1984, and later became smelter operational and technology director at Elkem Aluminium NS in Norway, when it was under partnership between Alcoa and Orkla. Alcoa is now the sole owner of the operation. In 2003, he became plant manager for the Alcoa San Ciprián Spain plant and two years later was named manufacturing director Primary Products Europe. In 2007, Marcos was appointed President of Global Primary Products in Europe, and in 2010 took on additional responsibilities as President of Alcoa Europe.

He earned a Bachelor degree in Engineering from Escola de Minas Ouro Preto and a Master’s degree in Production Management from the Universidade Federal de Santa Catarina, both located in Brazil.