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| April 23, 2002
Alcoa Board Creates Public Issues Committee; Committee, Chaired by Dr. Judith Gueron, to Oversee Alcoa's Environmental and Social Responsibility Performance
PITTSBURGH--(BUSINESS WIRE)--April 23, 2002--Alcoa Inc. (NYSE:AA)
today announced that its Board of Directors has formed a Public Issues
Committee that will work with management to oversee the company's
environmental and social responsibility performance.
The new Board committee, to be chaired by Dr. Judith Gueron,
President of Manpower Demonstration Research Company and an Alcoa
director since 1988, will help the company address a range of
sustainability and corporate social responsibility opportunities.
As outlined in its 2001 annual report to shareowners, one of
Alcoa's defining strategies is how it translates the company's Values
into action in its businesses, communities and society at large. The
Public Issues Committee will also provide Board-level oversight of
progress on translating the company's Values into action.
"Good public policy makes for good business," said Gueron. "I
welcome the opportunity to serve shareholders in this capacity. With
the commitment of management and the breadth of experience of the
committee members, we can make a difference for the good of society
and Alcoa."
The other Board members of Alcoa's new Public Issues Committee are
Kathryn Fuller, President of the World Wildlife Fund; Carlos Ghosn,
President and CEO of Nissan Motor Company; Henry Schacht, Chairman of
Lucent Technologies; Franklin Thomas, Chairman of the September 11
Fund and former President of the Ford Foundation; and Ernesto Zedillo,
recently appointed to be Director of the Yale Center for the Study of
Globalization and former President of Mexico.
"At Alcoa, we don't just have values; we live our Values everyday.
This committee will help us deepen that commitment, particularly to
sustainable business practices," said Chairman and CEO Alain Belda.
"The creation of the Public Issues Committee raises to the Board of
Directors level and formalizes what each and every Alcoan practices
everyday. We firmly believe we cannot achieve our vision - to be the
best company in the world -- unless we are the best company in each
and every community in which we operate."
Alcoa is the world's leading producer of primary aluminum,
fabricated aluminum and alumina, and is active in all major aspects of
the industry. Alcoa's aluminum products and components are used
worldwide in aircraft, automobiles, beverage cans, buildings,
chemicals, sports and recreation, and a wide variety of industrial and
consumer applications, including such Alcoa consumer brands as
Alcoa(R) wheels, Reynolds Wrap(R) aluminum foil, and Baco(R) household
wraps. Among its related businesses are precision castings, vinyl
siding, closures, and electrical distribution systems for cars and
trucks. The company has 129,000 employees in 38 countries.
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