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Leadership Promotions at Alcoa - Analyst Blog

By: Zacks.com
Posted: 8/27/2013 2:33:00 PM
Referenced Stocks: AA;ACH;ATL;BHP

Alcoa Inc. ( AA ) has announced some promotions that will increase its business development and asset management capabilities worldwide. The changes will enable the company in strengthening the working environment, and ensure heath and safety of its employees.

Alcoa's Vice President, Human Resources - Mike Barriere has been promoted to Executive Vice President, Human Resources and Environment, Health and Safety (EHS). He will supervise the newly combined Human Resources and EHS group and will also continue to be a member of the senior leadership team, the Executive Council responsible for corporate policy. He will be reporting to Alcoa Chairman and CEO Klaus Kleinfeld.

Director of EHS & Sustainability ??? Kevin McKnight will succeed Kevin Anton to become Chief Sustainability Officer and Vice President of EHS. His promotion is effective Sept 1 and he will be reporting to Mike Barriere. McKnight has served Alcoa for three decades.

In the course of his career, McKnight has established Alcoa as a best-in-class company in sustainability and has been responsible for assembling the documentation for the company's continuous recognition by the Dow Jones Sustainability Index and other external organizations. Kevin Anton had been serving Alcoa for the past 15 years and will retire by end of 2013.

The President of Global Primary Products - Growth, Bauxite and Africa, Kenneth Wisnoski was promoted to President of the newly created International Project Development and Asset Management group. The promotion is effective immediately.

The group has three units - Engineering and Construction, led by Otto Hiris, Vice President of Engineering and Construction; Asset Planning and Management, headed by Mark Stiffler (promoted from Director to Vice President of Asset Planning and Management); and International Project Development, led by Wisnoski. Wisnoski has been leading the Ma'aden-Alcoa joint venture construction project since 2010 to build what will be the world's largest fully integrated aluminum complex in Saudi Arabia.

Alcoa, a prominent player in the mining industry along with Aluminum Corporation of China Limited ( ACH ), Atlatsa Resources Corporation ( ATL ) and BHP Billiton Limited ( BHP ), is a world leader in production and management of primary aluminum, fabricated aluminum, and alumina. The company is also the world's largest miner of bauxite and refiner of alumina.

Alcoa currently retains a short-term Zacks Rank #3 (Hold).



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