NEW YORK–(BUSINESS WIRE)–Alcoa (NYSE:AA) announced today that Ken Giacobbe has been named Chief Financial Officer of its Engineered Products and Solutions (EPS) business group, effective immediately.
Giacobbe has served as Controller of Alcoa Engineered Products and Solutions since 2011. In his new role, Giacobbe will have financial responsibility for the EPS business, which includes Alcoa Power and Propulsion, Alcoa Fastening Systems, Alcoa Forgings and Extrusions, Alcoa Wheel and Transportation Products, and Building and Construction Systems. EPS had 2012 revenues of $5.5 billion and employs approximately 22,000 people in 17 countries.
Giacobbe also will serve on Alcoa’s Executive Council, the senior leadership team that sets strategic direction for the company.
“Ken has held positions of increasing responsibility in Finance at the company, most recently as EPS’ Group Controller where he helped the Group achieve record results,” said Olivier Jarrault, Executive Vice President and Group President, Engineered Products and Solutions. “His global experience combined with his demonstrated focus on execution will be key to EPS’ global revenue growth and its continued year-over-year financial performance improvement.”
Giacobbe joined Alcoa in 2004 as Vice President of Finance for Global Extruded Products, part of Alcoa Forgings and Extrusions. After that, he was Vice President of Finance for Building and Construction Systems, and Group Controller for EPS.
Earlier in his career, Giacobbe held Senior Finance roles at Avaya and Lucent Technologies, among others. He earned a Bachelor’s Degree in Economics from the State University of New York at Oneonta and an MBA from the University of South Florida.
Giacobbe will be based in Cranberry Township, Pennsylvania, with the EPS Finance Team. His successor will be named shortly, and will report to him.
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 125 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 11 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 30 countries across the world. For more information, visit www.alcoa.com and follow @Alcoa on Twitter at twitter.com/Alcoa.
Kelly Pasterick, 212-836-2674
Monica Orbe, 212-836-2632