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September 16, 2002
Alcoa Realigns Business to Better Serve Customers in Automotive, Aerospace and Commercial Transportation Markets
PITTSBURGH--(BUSINESS WIRE)--Sept. 16, 2002--Alcoa (NYSE:AA)
announced today that it has realigned its existing businesses to
provide a closer fit with customer needs in the automotive, aerospace,
and commercial transportation market sectors. "Focus on the customer
is a cornerstone of the Alcoa Business System," said Alain Belda,
Chairman and CEO of Alcoa. "By reorganizing Alcoa to better focus on
our global automotive market and our global aerospace and commercial
transportation markets, we are better positioned to serve our
customers and grow our business."
Bob Hughes, 57, Executive Vice President, will lead a new Alcoa
Automotive and Allied Products Group, which will include the
businesses that support automotive customers by providing electrical
distribution systems, cast and forged automotive wheels, cast and
assembled components, and other products.
Bill Christopher, 48, Executive Vice President, will lead a new
Aerospace and Commercial Transportation Group, focusing on customers
in the aerospace, commercial transportation, and industrial gas
turbine markets. He will lead the businesses that support these
markets by providing wheels and forged components, fastening systems,
as well as the Howmet business.
"Bob Hughes and Bill Christopher, will provide the dynamic
leadership that Alcoa needs to continue its transformation to a very
customer-focused organization," said Belda.
Pat Hassey, 56, Executive Vice President, has decided to retire
early next year after more than 35 years in a wide variety of
leadership positions at Alcoa. "Pat Hassey has made an outstanding
contribution to Alcoa over his 35-year career," said Belda. "His
recent work building a team focused on aerospace and integrating Huck
and Howmet paved the way for a new Alcoa business focused exclusively
on that market."
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 serves the aerospace, automotive, packaging,
building and construction, commercial transportation and industrial
markets, bringing design, engineering, production and other
capabilities of Alcoa's businesses to customers. In addition to
aluminum products and components, Alcoa also markets consumer brands
including Reynolds Wrap(R) products, Alcoa(R) wheels, and Baco(R)
household wraps. Among its other businesses are vinyl siding,
closures, precision castings, and electrical distribution systems for
cars and trucks. The company has 129,000 employees in 38 countries.
ROBERT S. HUGHES II
Executive Vice President - Alcoa
Group President - Alcoa Automotive and Allied Products
Chairman, Chief Executive Officer and President -
Alcoa Fujikura Ltd. (AFL)
Robert S. (Bob) Hughes was appointed group president of Alcoa
Automotive and Allied Products in September 2002, taking
responsibility for Alcoa's global automotive market in addition to
Alcoa's North American extrusion businesses, which he has led since
mid 2001. He also continues to head Alcoa Fujikura Ltd. (AFL), a joint
venture between Alcoa and Fujikura Ltd. of Japan, which produces
electrical/electronic systems and components and specialty fiber optic
products for the automotive and telecommunications markets. Bob is
also a member of Alcoa's Executive Council, the senior leadership
group that provides strategic direction for the company.
Bob has held sales, marketing, manufacturing and business unit
management positions with Alcoa during his extensive career, which
began in 1967 as a sales trainee in Pittsburgh. He assumed sales
positions in Dallas, Detroit, St. Louis and Philadelphia before
becoming manager of packaging sales in Lausanne, Switzerland in 1975.
Two years later, he participated in the Conference Board's
Congressional Assistance Program in Washington, D.C. Following this
assignment, he became production superintendent, Cold Mills at Alcoa's
Tennessee Operations. In 1981, Bob returned to Pittsburgh as central
regional manager, Field Sales and one year later was named manager,
Corporate Planning. In 1984, Bob moved to Cleveland as marketing
manager, Forging Division, subsequently, was made plant manager, and
in 1987 he became general manager, Wheel Products Division. He was
named general manager, Alcoa Forgings and Castings Division in January
1991 and president of Alcoa Forged Products in August 1991. He became
president of AFL in 1996, elected a vice president of Alcoa in 1997,
and appointed executive vice president of Alcoa and group president of
Allied Products in 2001.
Bob has a marketing degree from West Virginia University. He was
born October 7, 1944, in Wheeling, West Virginia. He and his wife,
Jane, have two children.
WILLIAM F. CHRISTOPHER
Executive Vice President - ABS, Customer and Quality
Group President - Alcoa Aerospace and Commercial Transportation
William F. (Bill) Christopher was appointed to the additional
assignment of group president for Alcoa's Aerospace and Commercial
Transportation Group in September 2002. He will continue leadership
responsibility for Alcoa Business System, Customer and Quality, a
position he assumed in July 2001. In his expanded role, Bill will
focus on Alcoa's global aerospace and commercial transportation
markets as well as corporate leadership for ABS and Alcoa's customer
and quality initiatives. He is also a member of Alcoa's Executive
Council, the senior leadership group that provides strategic direction
for the company.
Bill joined Alcoa in 1975 as an internal auditor in Pittsburgh
following graduation from Penn State University with an accounting
degree. He held a series of financial management positions in Massena
(N.Y.), Davenport (Iowa) and Tennessee until he was named sheet mill
manager at Davenport in 1988. Three years later he became vice
president, Commercial Products Sales and Marketing also based in
Davenport. Bill was named president of Alcoa Forged Products, the
Cleveland-based business unit that makes forgings and castings for the
aerospace, transportation and commercial markets in 1996. He was
elected a vice president of Alcoa in 1999 and an executive vice
president in 2001.
Bill obtained an M.B.A. degree in 1980 from Clarkson University
and also holds a certificate in management accounting. A native of
Pennsylvania, Bill was born March 17, 1954, in Ridley Park, Pa. He and
his wife, Cathy, and their three children, Bryan, Tony and Megan,
reside in Cleveland, Ohio.
Forward Looking Statement
Certain statements relate to future events and expectations and as
such constitute forward-looking statements involving known and unknown
risks, uncertainties and other factors that may cause actual results,
performance or achievements of Alcoa to be different from those
expressed or implied in the forward-looking statements. Important
factors that could cause actual results to differ materially from
those in the forward-looking statements are summarized in Alcoa's 2001
10-K report and other SEC reports.