NEW YORK–Alcoa (NYSE:AA) announced today that two senior finance executives will
swap positions so each can broaden his experience within the global
aluminum company. Effective August 1, Tony R. Thene, Alcoa Vice
President and Controller, has been named Chief Financial Officer of
Alcoa’s Engineered Products and Solutions business group (EPS), and
Graeme Bottger, currently EPS Chief Financial Officer, has been elected
to succeed Mr. Thene as Alcoa Vice President and Controller.

“Tony moves to the top finance position in EPS at a time when our
downstream business is pursuing an external growth strategy and
strengthening productivity, both areas where his controller background
will be beneficial to EPS,” said Alcoa Executive Vice President and
Chief Financial Officer Chuck McLane.

Mr. Thene will remain a Vice President of Alcoa and has been named to
the Company’s Executive Council. He has served with Alcoa for 21 years.

Mr. Bottger, in his new role, will be responsible for global business
services for Alcoa.

“In Graeme’s 29-year Alcoa career, he has held a broad range of global
operating and corporate positions that prepare him well for his new
assignment as Alcoa’s Controller,” McLane said. “During his five years
as EPS CFO, the group grew dramatically in size and importance within
the Alcoa portfolio.”

Mr. Bottger was elected an officer of Alcoa and will remain a member of
the Company’s Executive Council.

Biographical Information

Tony Thene

Mr. Thene has served in a series of financial management positions in
addition to his role as Alcoa Vice President and Controller, including
Chief Financial Officer, Global Mill Products; and Vice President,
Finance, for Alcoa World Alumina and Chemicals. Earlier in his career,
Mr. Thene worked as plant controller at two locations before being named
Manufacturing Manager for the Alumina Chemicals business in Arkansas. In
1998, he joined the Alcoa Forgings business in Cleveland, Ohio, as
Division Controller, then in 2001 he moved to New York as manager of the
Corporate Financial Analysis and Planning group. Mr. Thene was named
Vice President, Finance for Alcoa World Alumina and Chemicals in 2002,
then CFO Global Mill Products. In 2006 he was named Director, Investor
Relations. Mr. Thene was named to his most recent position in 2008.

Mr. Thene obtained a bachelor’s degree in accounting from Indiana State
University (1983) and received an MBA degree from Case Western Reserve
University in Cleveland, Ohio, in 2001. Mr. Thene is a certified public
accountant.

Graeme Bottger

Mr. Bottger joined Alcoa in 1980 as a product accountant at the
company’s Point Henry facility in Australia. Since then, he has held a
series of accounting and financial management positions in Alcoa’s
Australian smelting, rolling, extrusion, foil and alumina businesses and
corporate office. Prior to his move to the United States in 1999 to
accept an assignment in the Financial Analysis and Planning department,
Mr. Bottger held the position of Chief Financial Officer for Alcoa’s
joint venture with Kobe Steel in Australia (KAAL). In 2001, Mr. Bottger
was named Vice President, Finance, for Alcoa Home Exteriors where he was
responsible for procurement, IT, credit, accounting and quality. He then
became Vice President, Sales, in 2003, responsible for field sales,
customer support and pricing administration. He was named Chief
Financial Officer of Alcoa Engineered Products and Solutions in 2005.

Mr. Bottger earned his bachelor of commerce degree from Deakin
University, Australia, followed by a bachelor’s degree in computer
science. He also holds a diploma of Corporate Management from the
Institute of Chartered Secretaries and Administrators.

About Alcoa

Alcoa is the world’s leading producer of primary aluminum, fabricated
aluminum and alumina. In addition to inventing the modern-day aluminum
industry, Alcoa innovation has been behind major milestones in the
aerospace, automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 120 years. Among the solutions Alcoa markets are flat-rolled
products, hard alloy extrusions, and forgings, as well as Alcoa® wheels,
fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral
part of Alcoa’s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for eight consecutive years and approximately
75 percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 59,000 people in 31
countries across the world. More information can be found at www.alcoa.com.