Aquilino Paolucci Named President of Alcoa Latin America and the Caribbean

March 6, 2014

Succeeds Franklin Feder Who Will Retire From Alcoa

Alcoa (NYSE:AA) today announced that Aquilino Paolucci, Vice President
of Business Development and Regional Affairs for Latin America, has been
named President of Alcoa Latin America and the Caribbean (LAC),
effective as of March 1. Paolucci succeeds Franklin Feder who is
retiring from Alcoa effective August 1 after 23 years with the Company.

In addition to overseeing Alcoa’s operations in Latin America and the
Caribbean, Paolucci, 49, has also been named President of Global Primary
Products (GPP) for Latin America and the Caribbean, with responsibility
for all GPP operations in the region. Paolucci reports to Alcoa Chairman
and CEO Klaus Kleinfeld for the regional role and to GPP Chief Operating
Officer Roy Harvey for the GPP role.

“Paolucci brings wide-ranging experience helping to grow multinational
companies in Brazil, which makes him ideally qualified to lead Alcoa in
Latin America,” said Klaus Kleinfeld. “He will help us capture growing
demand for our value-add products and solutions, while improving the
cost structure of our alumina, aluminum and energy portfolio in the
region.”

Paolucci joined Alcoa in 2004 and has 28 years experience in finance,
including as Chief Financial Officer for Alcoa LAC as well as the CFO of
the Brazilian subsidiaries of Pharmacia & Upjohn and then Monsanto,
after the two pharmaceutical companies merged. He also introduced Compaq
Computer and the American National Can Company, now part of Rexam Can,
to the Brazil market. Paolucci holds a Bachelor of Science in Accounting
from Mackenzie University and an MBA from Ibmec School of Business.

For the past 23 years, Feder has had a major role in guiding and leading
Alcoa’s growth. As Director of Corporate Development he handled the
acquisition of several of today’s most successful downstream businesses.
Later, as the Vice President of Financial Planning and Analysis, he was
responsible for Alcoa’s international expansion planning. Since taking
over leadership of the Latin America and Caribbean region, he presided
over the dramatic growth of Alcoa Brazil’s alumina and aluminum
portfolio.

“Frank Feder is a principled and inspirational leader who has earned the
respect and gratitude of every Alcoan. He grew Alcoa’s business in Latin
America to be both successful and sustainable. His impact on the region
and on Alcoa’s global business will be felt for many years,” Kleinfeld
said.

About Alcoa
A global leader in lightweight metals
engineering and manufacturing, Alcoa innovates multi-material solutions
that advance our world. Our technologies enhance transportation, from
automotive and commercial transport to air and space travel, and improve
industrial and consumer electronics products. We enable smart buildings,
sustainable food and beverage packaging, high-performance defense
vehicles across air, land and sea, deeper oil and gas drilling and more
efficient power generation. We pioneered the aluminum industry over 125
years ago, and today, our 60,000 people in 30 countries deliver
value-add products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For more
information, visit www.alcoa.com,
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Alcoa
Investor Contact
Kelly Pasterick, + 1 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media Contacts
New York:
Monica Orbe, + 1 212-836-2632
Monica.Orbe@alcoa.com
or
Brazil:
Everton Vasconcelos, +55 11 3817-7947
everton@cdicom.com.br