May 3, 2010

Alcoa Names Paula Davis President, Alcoa Foundation

NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) has named Paula Davis President of the Alcoa Foundation, one of the largest corporate foundations in the U.S., effective May 10. She succeeds Meg McDonald, who resigned earlier this year to return to her native Australia. Alcoa Foundation plays a significant role in strengthening sustainability in Alcoa communities worldwide, investing over $515 million since 1952. The work of Alcoa Foundation is further enhanced by Alcoa’s thousands of employee volunteers, who in 2009 gave over 650,000 service hours.

Ms. Davis comes to Alcoa Foundation from The Pepsi Bottling Group, where her responsibilities as Vice President, Corporate Communications included overseeing the PBG Foundation as well as leading the company’s external, internal, executive and customer programs.

“Paula brings to Alcoa a broad communications background and foundation experience in a related industry,“ said Nick Ashooh, Alcoa Vice President, Corporate Affairs. “She also shares Alcoa’s commitment to sustainable business practices, one of the company’s core values. With her talent and enthusiasm, we are confident she will lead Alcoa Foundation to even greater success in addressing both local community development goals and broader global sustainability challenges.”

Ms. Davis has also held senior positions with Siemens USA where she was Executive Officer and Senior Director of Siemens’ Corporate Communications and Relationship Marketing programs. Her responsibilities included managing the company’s marketing and communications programs to build the Siemens brand and stimulate new business, including overseeing Siemens’ long-standing alliance with Disney Parks and Resorts. While at Siemens, she also held positions in media and public relations. Ms. Davis’ earlier experience includes strategic internal and media relations for MVP.com, an online sports e-tailer, Arthur Andersen, Sears, Roebuck and Company, and Sara Lee Corporation.

Ms. Davis holds an MBA in marketing and organizational behavior from the Northwestern University Kellogg Graduate School of Management and a bachelor’s degree in English and Psychology from the University of Michigan.

ABOUT ALCOA AND ALCOA FOUNDATION

Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for eight consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.

Alcoa Foundation is a nonprofit U.S. corporate foundation with assets of approximately US$415 million. In addition to addressing locally identified needs in communities where Alcoa operates, Alcoa Foundation is focused on unlocking solutions to critical environmental sustainability challenges, including global climate change. Alcoa Foundation has been a long-term partner in Alcoa communities worldwide for more than fifty years, investing over US$515 million since 1952. More information can be found at www.alcoa.com/foundation.

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