NEW YORK–Alcoa (NYSE:AA) announced today that President and CEO Klaus Kleinfeld
has been appointed Chairman of the U.S.-Russia Business Council (USRBC),
effective September 25, 2009. Mr. Kleinfeld succeeds Neville Isdell, who
is stepping down following his retirement as Chairman and CEO of the
“There is great potential for cooperation between the U.S. and Russia in
many areas, and business plays a key role in helping identify and
generate opportunities — from bi-lateral trade and investment to
collaboration on regulatory and other policies,” Mr. Kleinfeld said.
USRBC President Ed Verona commented that Kleinfeld’s long-standing
relations with Russia, combined with Alcoa’s considerable investment in
that country, make him a natural choice to assume the leadership of the
Council. “Klaus brings an extensive network of personal relationships in
Russia and an infectious optimism about the prospects for achieving
progress in the bilateral relationship. He is the ideal leader for the
Council in this era of the ‘reset’ in U.S.-Russia relations.”
Mr. Kleinfeld has been with Alcoa since being named a director in 2003.
He was named President and CEO of Alcoa in May 2008, after a 20-year
career with the global electronics and industrial conglomerate, Siemens
AG, where he served as chief executive officer.
The USRBC is a Washington-based association representing approximately
250 companies among them some of the leading firms in the U.S., Russia
and Europe. Founded in 1993, its primary mission is to promote trade and
investment between the U.S. and Russia.
Alcoa is the world’s leading producer of primary aluminum, fabricated
aluminum and alumina, with 63,000 employees and operations in 31
countries. Alcoa entered the Russian market in 1993 when it opened a
facility in Lyubachany, and acquired two major manufacturing facilities
in 2005 in Samara and Belaya Kalitva. The company’s total investment in
Russia is approximately $750 million.