Alcoa Re-Aligns Engineered Products and Solutions Business to Accelerate Growth Initiatives

February 2, 2010

Two New Chief Operating Officer Posts Created Led by Chris Ayers and
Olivier Jarrault

NEW YORK–Alcoa (NYSE:AA) announced today a re-alignment of its Engineered
Products and Solutions (EPS) business to accelerate its growth. The EPS
business is composed of Alcoa units that serve the aerospace,
automotive, commercial transportation, building and construction, and
oil and gas markets. The EPS businesses reported revenues totaling
nearly $4.7 billion in 2009.

As part of the restructuring, two new chief operating officer positions
have been created. Effective February 1, 2010, Chris L. Ayers and Olivier
M. Jarrault
have been named to the new posts. Mr. Ayers joins Alcoa
as Chief Operating Officer, Alcoa Cast, Forged and Extruded Products. He
will be responsible for the Alcoa Forgings and Extrusions, Alcoa Power
and Propulsion, and the Alcoa Oil and Gas businesses. He comes from
Precision Castparts Corporation where he was President of its Forgings
and Special Metals Division.

Mr. Jarrault is promoted to the new position of Chief Operating Officer,
Engineered Products and Building Systems. He will lead the Alcoa
Fastening Systems, Alcoa Wheels and Transportation Products, and
Building and Construction Systems business units. Mr. Jarrault has been
President, Alcoa Fastening Systems since 2002.

Succeeding Mr. Jarrault as President, Alcoa Fastening Systems is Vitaliy
V. Rusakov
. He had been Vice President and General Manager of
Operations, Alcoa Fastening Systems North America Aerospace, responsible
for the City of Industry, the Carson, and the Van Petty Operations,
based in California, and led the implementation of AFS Strategic
initiatives in Suzhou, China for his operations.

Alcoa also announced that David W. Schlendorf, President, Alcoa
Building and Construction Systems, will retire following a distinguished
39-year career with the company. He will be replaced by Glen G.
who was President, Kawneer North America, a major
manufacturer of architectural aluminum building products and systems and
part of Alcoa’s Building and Construction Systems organization.

“These changes strengthen the Engineered Products business globally as
we drive for further growth. These leaders have proven track records in
raising market presence and stimulating profitable performance in their
businesses,” said Bill Christopher, Alcoa Executive Vice President and
Group President Engineered Product and Solutions.

Addressing the retirement of Mr. Schlendorf, Mr. Christopher said, “Dave
has had an exemplary career with Alcoa. During his tenure, he was
responsible for several market development efforts, including the
aluminum structured car. As President of Alcoa Building and Construction
Systems, Dave was key in structuring the various units of the business,
while positioning them as leaders in each segment they play in today.”

Biographical information follows:

Chris Ayers

Chris Ayers joins Alcoa as Chief Operating Officer responsible for the
Alcoa Forgings and Extrusions, Alcoa Power and Propulsion, and Alcoa Oil
and Gas businesses. Mr. Ayers brings to Alcoa extensive experience in
the aerospace industry serving in posts in North America and Europe.
Most recently, he worked for Precision Castparts Corporation, where he
was President, PCC Forgings Division, which is comprised of two separate
companies: Wyman Gordon Forgings and Special Metals Corporation. This
business has $3.5 billion in revenues and 5,500 employees in facilities
located in North America, Europe, UK and Australia. From 2004-2006, he
was President of Wyman Gordon Forgings.

Mr. Ayers began his career with United Technologies Corporation, working
in a number of assignments in its Pratt & Whitney business. Later, he
joined PCC Airfoil, Inc., a manufacturer of airfoil castings for the
aerospace and industrial gas turbine industry, where he was Vice
President/General Manager of facilities in Cleveland, Ohio. He was also
Managing Director of facilities located in both Leeds and Leicester,
England. He joined Precision Castparts in 1999.

Mr. Ayers is a graduate of Georgia Institute of Technology, where he
received a bachelor’s and master’s degree in aerospace engineering. He
holds a MBA degree from the University of Connecticut.

He serves on the board of directors of Universal Stainless & Alloy
Products, Inc., a manufacturer and marketer of a range of semi-finished
and finished specialty steels, including stainless steel, tool steel and
other alloyed steels.

Olivier M. Jarrault

Olivier Jarrault joined Alcoa in 2002 as President of Alcoa Fastening
Systems (AFS), following Alcoa’s acquisition of Fairchild Fasteners from
The Fairchild Corporation. AFS is a premier supplier of joining systems
under the Huck and Fairchild products brands for aerospace and
commercial customers worldwide. While at Fairchild Fasteners, Mr.
Jarrault held several senior roles, including Vice President,
Manufacturing, Vice Chief Operating Officer for U.S. Operations, and
culminating as Chief Operating Officer of Fairchild Fasteners. Earlier,
Mr. Jarrault worked for LISI Aerospace, a manufacturer of fastening
solutions, in executive positions in North America and Europe.

Mr. Jarrault is a graduate of the California Institute of Technology
where he obtained a Master of Science degree in Mechanical Engineering
and a graduate of the UCLA Anderson School of Business, where he
received his MBA degree.

Vitaliy Rusakov

Mr. Rusakov joined Fairchild Fasteners in 1998 as a business development
manager. Alcoa acquired Fairchild Fasteners in 2002 and Mr. Rusakov
became engaged in global strategic roles leading the integration of AFS
North America manufacturing and AFS Global logistics organizations into
Alcoa. Subsequently, he held various operational roles including
Director of Operations of the City of Industry Business and Director of
Aerospace Business Planning. He most recently served as Vice President
and General Manager, Alcoa Fastening Systems, North America Aerospace,
responsible for the City of Industry, the Carson, and the Van Petty
Operations, and led the implementation of AFS Strategic initiatives in
Suzhou, China for his operations.

Earlier in his career in Ukraine, Mr. Rusakov held consulting roles with
Bain and Company, a global management consulting firm.

He holds a Bachelor’s degree in Linguistics and Education from Kiev
University of Linguistics and a Bachelor’s degree in International
Economic Relations from Kiev University of Economics. He obtained his
MBA degree from Georgetown University.

Glen Morrison

Glen Morrison has played a vital role for Alcoa in the building and
construction industry since he joined the company in 1991 as Sales and
Marketing Director for Kawneer UK. Kawneer, part of the Alcoa Building
and Construction Systems group, is a major manufacturer of architectural
aluminum products for the commercial construction industry.

Mr. Morrison progressed to Marketing Director for Alcoa Building and
Construction Systems, then General Manager of the Alcoa Architectural
Products unit of Building and Construction Systems. In 2005, he was
named to his most recent position as President, Kawneer North America,
based in Atlanta. Kawneer North America operates plants and service
centers throughout the U.S. and Canada.

Mr. Morrison holds a Bachelor’s degree in Business Studies from
Lanchester Polytechnic in the UK.

David W. Schlendorf

Mr. Schlendorf’s 39-year career with Alcoa includes a number of
executive commercial and technical positions. He began his Alcoa career
in 1971 as a sales representative in Los Angeles, following graduation
from the Colorado School of Mines with a degree in metallurgy.
Subsequently, he moved into the role of Market Manager in the Alumina
and Specialty Chemicals business in 1979, where he was responsible for
sales of smelter grade alumina. He was promoted to Manager, Engineering
Properties and Design Division at the Alcoa Technical Center, outside of
Pittsburgh, in 1981 where he led various functions. He then moved into
the role of Marketing Manager, Transportation for the Flat Rolled
Products Division in 1983 with focus on marketing of sheet and plate
products to the commercial and passenger automotive markets. Mr.
Schlendorf also led the effort to develop the aluminum structured car as
Venture Manager – Aluminum Intensive Vehicle from 1986 to 1992. He was
promoted to President in 1992 where he managed the Alcoa Automotive
Structures group in Europe. In 2000, Mr. Schlendorf was promoted to
President, Building and Construction Systems. The business has plants
and offices in 12 countries in North America, Europe, North Africa,
Asia, and the Middle East.

About Alcoa

Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina combined, through its active
and growing participation in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design,
engineering, production and other capabilities of Alcoa’s businesses to
customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also
markets Alcoa® wheels, fastening systems, precision and investment
castings, and building systems. The Company has been named one of the
top most sustainable corporations in the world at the World Economic
Forum in Davos, Switzerland and has been a member of the Dow Jones
Sustainability Index for eight consecutive years. Alcoa employs
approximately 59,000 people in 31 countries across the world. More
information can be found at