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September 29, 2003
Alcoa Executive Vice President and Group President Primary Product John Pizzey to Retire; Bernt Reitan Named Successor
PITTSBURGH--(BUSINESS WIRE)--Sept. 29, 2003--Alcoa (NYSE:AA)
announced today that Alcoa Executive Vice President and Group
President of Primary Products G. John Pizzey, 58, is retiring from the
company early next year. Mr. Pizzey's successor is Bernt Reitan, 55,
currently vice president of Alcoa and president of Primary Metals, who
has overall responsibility for the company's North American primary
metals strategy. Mr. Reitan, who together with Pizzey has played a key
role in implementing the company's growth and cost reduction
strategies in primary metals, will also become chairman of Alcoa of
"Thanks in no small part to John's vision and his highly developed
executive skills, the breadth of Alcoa's mining, refining and smelting
assets today are unrivaled anywhere in the world. His counsel and
leadership have been invaluable as we strengthened our position as the
world's largest and most profitable aluminum business. Under John's
direction, we have improved the performance of our plants, added new,
lower-cost capacity through greenfield and brownfield projects or via
acquisitions, and strengthened our mining and refining operations. His
common sense and deep knowledge of the business will be missed," said
Alcoa Chairman and CEO Alain Belda.
"We are also extremely fortunate at Alcoa to have the expertise
and experience that Bernt brings to this key role," Mr. Belda
continued. "Bernt has an exceptional record of success in driving
profitable growth. With his experience and success running our global
alumina business and the primary metals division, Bernt has the global
vision that is critical to success in his new job. With his energy, we
can expand our global footprint, improve productivity, deploy the best
technology and help our customers succeed."
Biographical information follows:
Bernt Reitan was named to his most recent position as vice
president of Primary Metals for Alcoa in 2003 with responsibility for
the company's smelting facilities worldwide. During Bernt's short
tenure at primary metals, the U.S. smelters have lowered their
production cost by $50 a ton through June 2003.
Mr. Reitan joined Alcoa in 2000 as general manager of Alcoa World
Chemicals Europe, and named president of Alcoa World Chemicals on Jan
1, 2001. He was named president of Alcoa World Alumina and Chemicals
and elected a vice president of Alcoa in July 2001 when he assumed
global accountability for Alcoa's alumina business.
Prior to joining Alcoa, Mr. Reitan held a series of leadership
positions with Elkem in Norway over a 20-year period. Among his
assignments: plant manager Rodsand magnetite mine (1980-83), general
manager Elkem Chemicals Ltd. in England (1983-84), plant manager
Fiskaa silicon plant (1985-87), and business unit manager ferro alloys
division (1987). He also was a member of corporate management at Elkem
ASA from 1987, serving as senior vice president Materials and
Technology and managing director Elkem Aluminium ANS (50% Elkem/50%
Alcoa) from 1988 until June 2000.
From 1972 to 1979 he held civil engineering positions in Norway
(Stavanger and Lillehammer).
Mr. Reitan, who was born in Norway, has a master's degree in civil
engineering from Technical University Trondheim.
He has served on the boards of a number of industry associations
including the International Primary Aluminium Institute, the European
Aluminium Association, the Norwegian Employers Federation, the
Norwegian Process and Manufacturing Association, and he was chairman
of the board of the Norwegian Metallurgical Industry's Association
from 1990-92. His corporate board memberships include Arkwright
Insurance Inc.'s international advisory board; Hunsfos A/S, a
Norwegian paper company; Raufoss A/S, automotive parts and defense
products; and he was chairman of the board of Norzink A/S (1995-2000),
a zinc and aluminum fluoride producer owned 50/50 by Rio Tinto and
G. John Pizzey was responsible for the strategic and technical
management of Alcoa's alumina refineries and primary aluminum smelters
worldwide and associated businesses, such as metal purchasing, trading
and transportation since 2000. He has been an executive vice president
of Alcoa since 2001.
Mr. Pizzey joined Alcoa in Australia in 1970 as an applications
engineer. He held various sales and product management positions there
until 1988 when he was appointed to the board of Alcoa of Australia as
executive director, Victorian Operations and managing director of
Portland Smelter Services. In 1994, John moved to the United States
and became president of the bauxite and alumina business unit then one
year later he was named president of the primary metals business unit.
He was elected a vice president of Alcoa in 1996, president Alcoa
World Alumina in 1998, and took on additional responsibility for
chemicals in 1999. During John's tenure in the U.S., Alcoa's capacity
in aluminum production doubled, and its capacity in alumina increased
Mr. Pizzey is chairman of Alcoa of Australia Ltd., and is a member
of the board of directors of Amcor Ltd and the Alcoa Foundation. He is
deputy chairman of ION Ltd. and serves as chairman of the London Metal
Exchange PLC and the International Aluminium Institute.
He holds a bachelor's degree in chemical engineering from
Melbourne University and a Fellowship Diploma of Management from the
Royal Melbourne Institute of Technology. He was born July 28, 1945, in
Melbourne, Victoria, Australia.