Kay Meggers Appointed President, Alcoa Global Rolled Products, Succeeding Helmut Wieser

November 14, 2011

NEW YORK–Alcoa announced today that Kay Meggers has been named President, Alcoa
Global Rolled Products (GRP) effective November 14, succeeding Helmut
Wieser, who has announced he will retire at the end of February.

Meggers is currently Vice President, Corporate Initiatives, responsible
for planning and coordinating major strategic initiatives that cut
across Alcoa’s businesses.

“Kay’s experience has prepared him well to lead Global Rolled Products
at this important phase of the business’ evolution,” said Alcoa Chairman
and CEO Klaus Kleinfeld. “Since he joined Alcoa, he has had an important
role in most of the Company’s major strategic initiatives, from
enhancing technology and innovation as part of the Alcoa Technology
Advantage program to spearheading growth strategies for China and

Meggers, who joined Alcoa in February 2010, leads Alcoa’s Business
Excellence/Corporate Strategy resource unit, composed of the Growth and
Market Strategy, Quality and Business Excellence teams and is also
responsible for overseeing the Company’s Asia-Pacific region. He was
elected a Vice President of Alcoa in June 2011 and is also a member of
the Alcoa Executive Council, the Company’s senior leadership group that
sets strategic direction. Prior to coming to Alcoa, he was Senior Vice
President at Siemens U.S. Building Technologies Division and served for
three years as Business Unit Head of Building Automation.

Wieser joined Alcoa in 2000 as Vice President of Alcoa’s flat-rolled
products group in Europe. In 2005, he was named Executive Vice President
with responsibility for Alcoa’s Global Rolled Products business.

“Helmut has had a strong impact during his ten years with Alcoa,”
Kleinfeld said. “Thanks to his leadership, our flat rolled business has
become truly global, expanding into Russia and China and now
constructing a state-of-the art plant in Saudi Arabia. Helmut led GRP’s
expansion in the aerospace, ground transportation and packaging markets.
A former Olympian, Helmut brought to Alcoa the same competitive spirit
he showed in international sporting competition.”

Until his retirement, Wieser will work with Meggers to
ensure a smooth transition of responsibilities.

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated
aluminum, as well as the world’s largest miner of bauxite and refiner of
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 10 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.