The plan is fully aligned with Alcoa’s purpose and vision to reinvent the aluminum industry, he added.
SEATTLE (Scrap Monster): Pittsburgh-based Alcoa Corporation announced major restructuring of its executive leadership team, aimed at improving the focus on operational excellence, cost and innovation. The restructuring will come into effect on February 1, 2023, said the company press release.
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Accordingly, William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Also, William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. She will also oversee the company’s Information Technology and Automation Solutions team.
Also, Renato Bacchi, currently EVP and Chief Strategy Officer, will now have additional responsibility of EVP, Chief Strategy & Innovation Officer. He will oversee Alcoa’s breakthrough research and development technologies.
As part of the restructuring process, John D. Slaven, current EVP and Chief Operations Officer, and Benjamin D. Kahrs, EVP and Chief Innovation Officer will leave the company.
Roy Harvey, President and CEO, Alcoa Corporation noted that the restructuring will ensure continued improvement and focus on the company’s strategies to operate as a low-cost, margin-focused, sustainable producer. The plan is fully aligned with Alcoa’s purpose and vision to reinvent the aluminum industry, he added.
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