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[December 2006]
Alcoa Announces Appointment of New Chief Financial Officer
Alain Belda, Chairman and CEO of Alcoa (New York, USA) has announced that Charles (Chuck) McLane will become Alcoa's Chief Financial Officer effective 1 January 2007, succeeding Joseph Muscari, who will retire to become Chairman and CEO of Minerals Technologies Inc.
Charles McLane, the company's controller since 2002, will be Chief Financial Officer after a wide-ranging career in finance at Alcoa and Reynolds Metals before that.
"Chuck has extensive experience as a corporate controller, a business unit CFO, in mergers and acquisitions, investor relations, and treasury," said Alain Belda. "And he has been a consistent proponent of greater transparency and clarity in our financial reporting in his four years as controller. Chuck’s commitment to high standards and his wide-ranging background in a well respected finance organization makes him uniquely qualified to become our new CFO.
"Joe Muscari has been an integral part of Alcoa's success over the past three decades. Joe created the strategy to drive our expansion in Asia, where we now have $1.7 billion in annual revenue and 3000 employees. He also restructured our Latin American operations, returning them to strong profitability and growth. Joe has the right mix of talent and experience for the new opportunity he is pursuing, and we wish him well."
www.alcoa.com
ENDS