Glenn Miller Named Chief Financial Officer of Alcoa Global Rolled Products, Succeeds Judy Schrecker Who Will Retire

March 24, 2014

Alcoa (NYSE: AA) today announced that Glenn Miller has been promoted to
Chief Financial Officer of its Global Rolled Products (GRP) business
effective May 1. He succeeds Judy Schrecker who will retire from Alcoa
after 34 years of service. Miller will be responsible for managing all
aspects of the global GRP financial and information technology

Miller will also serve on Alcoa’s Executive Council, the senior
leadership team that sets strategic direction for the Company.

“Glenn has the ideal breadth of financial and management experience to
take on this role leading GRP’s finance organization as Alcoa builds out
its value-add businesses,” said Kay Meggers, Alcoa Executive Vice
President and Group President, Global Rolled Products.

Most recently, Miller served as Vice President, Finance for GRP’s
Aerospace, Transportation and Industrial business segment, where he had
financial oversight of Alcoa’s automotive expansion projects in Alcoa,
Tennessee and Davenport, Iowa. Previously, he was Controller at
Davenport Works and held key roles in Engineered Products and Solutions,
Alcoa’s downstream business. Miller holds degrees in Accounting and
Management Information Systems from Robert Morris University in
Pittsburgh and an MBA from the University of Pittsburgh.

Bill Oplinger, Alcoa Executive Vice President and Chief Financial
Officer, said, “Glenn has solid experience providing financial oversight
for manufacturing operations. He is uniquely qualified to guide the
profitable growth of Alcoa’s rolling business at a time of dramatic
growth in its automotive market.”

In her 34-year Alcoa career, Schrecker has served in an array of
increasingly responsible global roles in Alcoa’s finance organization.
Prior to her appointment as Chief Financial Officer for GRP in 2011,
Schrecker was Vice President and Group Controller for the business
segment and also served as Vice President, Finance for the North
American Rolled Products Division, the largest business in the GRP
group. She was also Regional Treasurer for North America, responsible
for all of Alcoa’s North American treasury activities. In addition to
her many achievements in the finance organization, Schrecker is active
in the nonprofit sector as well, serving on the Board of Directors for
Dress for Success, a leading national nonprofit organization, and a
member of the Steering Committee for the Alcoa Women’s Network. Until
her retirement at the end of 2014, Schrecker will assist Alcoa
Foundation with special financial and service projects.

“Judy has led the global GRP finance and IT organizations during a
period when the business achieved historically high profitability
compared to previous decades. We thank Judy for her passion and many
contributions to Alcoa,” said Meggers.

Alcoa GRP had revenues of $7.1 billion in 2013 and provides aluminum
sheet and plate to the aerospace, automotive, packaging and commercial
transportation/industrial products markets. GRP employs approximately
14,500 people in eleven countries.

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
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