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| September 15, 2003
Alcoa Appoints Klaus Kleinfeld to Board of Directors
PITTSBURGH--(BUSINESS WIRE)--Sept. 15, 2003--The Board of
Directors of Alcoa Inc. (NYSE:AA) today increased the number of
directors to eleven and appointed Klaus Kleinfeld as a director,
effective November 14, 2003. Mr. Kleinfeld, 45, is president and chief
executive officer of Siemens Corporation, the U.S. arm of Siemens AG,
the global electronics and industrial conglomerate. With 70,000
employees in all 50 states, Siemens US consists of a broad range of
industrial and infrastructure businesses and represents about 25
percent of Siemens' sales worldwide.
"Klaus Kleinfeld is a highly respected executive who possesses
strong business building capabilities, including consulting,
international, marketing and business management skills," said Alain
Belda, Chairman and CEO of Alcoa. "We welcome his global strategic
business and marketing leadership experience to the board."
Biographical information on Mr. Kleinfeld follows:
Klaus Kleinfeld was elected president and chief executive officer
of Siemens Corporation on January 1, 2002, after serving one year as
chief operating officer of Siemens US, based in New York City. Prior
to his U.S. assignment, Mr. Kleinfeld was executive vice president and
a member of the executive board of the medical engineering group of
Siemens AG in Germany, where he previously led the $1 billion
Angiography, Flouroscopy and X-Ray Systems businesses. Earlier, Mr.
Kleinfeld established and headed the Siemens Management Consulting
Group, which introduced cutting edge practices in benchmarking,
reengineering and innovation across Siemens' global businesses.
Prior to joining Siemens in 1987, Mr. Kleinfeld was a product
manager for CIBA-GEIGY'S pharmaceuticals division in Basel,
Switzerland. He also worked for a consulting firm in Germany,
providing strategic marketing counsel to a broad variety of global
corporations.
Mr. Kleinfeld earned a master's degree in business
administration/economics from the University of Goettingen (Germany)
in 1982, followed by a Ph.D. in strategic management from the
University of Wuerzburg (Germany).
He is a member of the Managing Board of Siemens AG; a board member
of the Turner Corporation; the U.S. Chamber of Commerce, the Centers
for Disease Control Foundation, the Metropolitan Opera and the
Partnership for New York City co-chair of N.Y. Mayor Bloomberg's Task
Force on Stimulating Growth and Diversification; and a member of The
Business Roundtable, where he serves as the chair of the Information
Security Committee.
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 as a single solution to customers.
In addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap(R) aluminum foil, 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 127,000
employees in 40 countries. For more information go to www.alcoa.com.
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