Alcoa Announces Executive Appointments
May 12 2016 - 3:03PM
Business Wire
Karl Tragl Assumes Leadership of Alcoa
Engineered Products and Solutions
Tim Myers to Lead Alcoa Transportation and
Construction Solutions
Lightweight metals leader Alcoa (NYSE:AA) today announced that
Karl Tragl, Group President of Transportation and Construction
Solutions (TCS), has been appointed Group President of Engineered
Products and Solutions (EPS), succeeding Olivier Jarrault,
effective May 16. Jarrault will leave Alcoa after working with
Tragl to ensure a smooth transition.
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Alcoa has appointed Karl Tragl Group
President of Engineered Products and Solutions (EPS). (Photo:
Business Wire)
Prior to joining Alcoa in February, Tragl was Chief Executive
Officer of Bosch Rexroth, a $6 billion (€5.4 billion) automation
solutions company with 31,000 employees in 80 countries. During his
six years as CEO, he delivered sustainable profitable growth
through innovation and significant operational improvements, while
optimizing the portfolio through key acquisitions and
divestitures.
“Karl is the ideal leader to drive the future profitable growth
of EPS,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive
Officer. “He is an execution-focused leader with a deep technology
and engineering background and a strong track record of operational
and financial success. Karl is the right executive for this pivotal
role as we launch Arconic in the second half of 2016.”
Tragl has held roles at Siemens, including Business Unit
President in the Automation Drives Group. He began his career as an
engineer at the German Aerospace Research Center. Tragl holds a
degree in physics from Friedrich-Alexander University, in Germany,
and was awarded a Ph.D. in electrical engineering from the
University of Kaiserslautern, in Germany.
Kleinfeld thanked Jarrault for his 14 years of service to Alcoa.
“Olivier’s focus on operational excellence and productivity
successfully increased the profitability of Alcoa’s downstream
businesses. He has played an important role in the transformation
of EPS into an aerospace solutions leader.”
Succeeding Tragl as Group President of TCS is Tim Myers,
currently President of Alcoa Wheel and Transportation Products
(AWTP). In this new role, Myers’ responsibilities will include
oversight of AWTP and Alcoa Building & Construction Systems,
both leaders in innovating aluminum solutions within their
respective markets.
Under Myers’ leadership, AWTP has become a highly innovative
business with significant market share and fast-growing
international operations. Prior to his 18 years with AWTP, Tim held
automotive commercial roles for Alcoa Mill Products and Alcoa
Forged Products. He started his Alcoa career as an automotive
applications engineer and prior to joining Alcoa was a product
design engineer for Ford Motor Company.
“During his 25-year Alcoa career, Tim has successfully combined
breakthrough product and process technology development with a deep
commercial orientation to create value for our customers and for
Alcoa,” said Kleinfeld. “That winning approach will be key to
driving greater profitable growth in the commercial transportation
and building and construction markets for Alcoa today, and for
Arconic tomorrow.”
Myers holds a Bachelor’s of Science in Mechanical
Engineering and an MBA from the University of Michigan.
About Alcoa
A global leader in lightweight metals technology, engineering
and manufacturing, Alcoa innovates multi-material solutions that
advance our world. Our technologies enhance transportation, from
automotive and commercial transport to air and space travel, and
improve industrial and consumer electronics products. We enable
smart buildings, sustainable food and beverage packaging,
high-performance defense vehicles across air, land and sea, deeper
oil and gas drilling and more efficient power generation. We
pioneered the aluminum industry over 125 years ago, and today, our
approximately 58,000 people in 30 countries deliver value-add
products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For
more information, visit www.alcoa.com, follow @Alcoa on Twitter at
www.twitter.com/Alcoa and follow us on Facebook at
www.facebook.com/Alcoa.
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version on businesswire.com: http://www.businesswire.com/news/home/20160512006485/en/
AlcoaInvestor Contact:Matt Garth,
212-836-2674Matthew.Garth@alcoa.comorMedia Contact:Monica Orbe,
212-836-2632Monica.Orbe@alcoa.com
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