Alcoa Appoints Two Members to Its Executive Leadership Team
Alcoa Corporation (NYSE: AA) today announced the appointment of
a Chief Commercial Officer and a Chief Strategy Officer to its
Executive Leadership Team.
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Kelly Thomas (Photo: Business Wire)
Renato Bacchi, 45, is being promoted to Executive Vice
President and Chief Strategy Officer, effective February 1, 2022.
Bacchi, currently Senior Vice President of Corporate Development
and Treasurer, will oversee global strategy, corporate and business
development, energy, non-operated joint ventures, and the Company’s
Transformation business, which is focused on managing curtailed and
closed assets globally, including redevelopment activities. A
replacement for Corporate Treasurer will be named in the coming
Kelly Thomas, 52, will join Alcoa on February 14, 2022,
as Executive Vice President and Chief Commercial Officer. She will
lead all commercial strategies across Alcoa’s global bauxite,
alumina and aluminum markets with overall responsibility for sales,
procurement, marketing, and supply chain.
Both Bacchi and Thomas will report directly to Alcoa President
and Chief Executive Officer Roy Harvey. As previously announced,
Alcoa Executive Vice President and Chief Commercial Officer Tim
Reyes has announced his retirement from the Company, effective
February 1, 2022. The Company has restructured the role into these
two separate executive positions in support of Alcoa’s long-term
“These two experienced aluminum industry professionals will be
important additions to our Executive Leadership Team as we advance
our strategic priorities and the work that we’re undertaking in
alignment with our vision to reinvent the aluminum industry for a
sustainable future,” said Harvey. “We also wish Tim Reyes well in
his retirement – he’s made significant contributions to Alcoa and
to the aluminum industry during a very distinguished career.”
Bacchi started his Alcoa career in 1997 and has held numerous
leadership positions with increasing levels of responsibility. His
most current role includes evaluating the best uses of the
company’s capital, sourcing and executing transactions including
acquisitions, divestitures, and joint ventures. The Treasury role
also includes managing risk, cash and relationships with creditors,
rating agencies, and commercial banks.
A graduate of the São Paulo University with a degree in
electrical engineering, he also earned a Master of Business
Administration from Ibmec University (Brazil). He also received the
Chartered Financial Analyst designation from CFA Institute and
completed an Advanced Management Program at Harvard University.
Thomas brings more than 15 years of experience in the aluminum
industry. She joins Alcoa from Vista Metals Corporation, where she
is Vice President of Finance and has led strategic planning,
corporate development, finance, accounting, and metal risk
management. In prior roles, she served as Chief Operating Officer
of Electronic Recyclers International (ERI), and in various
leadership positions at Aleris North America Rolled Products,
Reynolds Metals, and Alcoa Inc.
She served at Alcoa Inc. for more than a decade in various
management positions, including as vice president of Alcoa
Materials Management, where she led all commercial aspects of
Alcoa’s European primary aluminum business, and as the director of
metal risk management and as the marketing manager for the primary
metals business unit.
She has a bachelor’s degree from the University of Virginia,
McIntire School of Commerce, with a concentration in finance.
About Alcoa Corporation Alcoa (NYSE: AA) is a global
industry leader in bauxite, alumina, and aluminum products, and is
built on a foundation of strong values and operating excellence
dating back 135 years to the world-changing discovery that made
aluminum an affordable and vital part of modern life. Since
developing the aluminum industry, and throughout our history, our
talented Alcoans have followed on with breakthrough innovations and
best practices that have led to efficiency, safety, sustainability,
and stronger communities wherever we operate.
Dissemination of Company Information Alcoa intends to
make future announcements regarding company developments and
financial performance through its website, www.alcoa.com, as well
as through press releases, filings with the Securities and Exchange
Commission, conference calls, and webcasts.
version on businesswire.com: https://www.businesswire.com/news/home/20220114005361/en/
Investor Contact James Dwyer 412-992-5450
Media Contact Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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