Alcoa Chairman and CEO Klaus Kleinfeld Named Platts CEO of the Year as Company Transformation Accelerates

May 21, 2014

Alcoa (NYSE:AA) Chairman and Chief Executive Officer Klaus Kleinfeld was
named CEO of the Year at the 2014 Platts
Global Metals Awards
ceremony held today in London. The recognition
caps off a transformational year for Alcoa, as it pivots from a
commodity-centric focus to become a diversified lightweight metals
enterprise. Judging criteria for CEO of the Year included integrity,
leadership, decisiveness, strategic vision and peer recognition.

“I am truly honored to receive this recognition as we guide Alcoa
through the greatest transformation in the Company’s recent history,”
said Alcoa Chairman and CEO Klaus Kleinfeld. “We are transforming Alcoa
from a commodity-dominated company to a lightweight metals innovation
leader that is significantly stronger and better-positioned to maximize
profitable growth. It is only through the ingenuity and passion of our
60,000 Alcoans that any of this is possible, and I wholeheartedly
dedicate this award to them.”

Alcoa has been investing in its highly innovative value-added
manufacturing and engineering businesses to capture growth opportunities
in strong end markets like the automotive and aerospace industries. At
the same time the Company is lowering the cost base of its commodity
business, closing or curtailing high-cost global smelting capacity and
investing in the world’s lowest cost integrated aluminum production
facility in Saudi Arabia. Alcoa’s value-add businesses accounted for 57
percent of 2013 revenues and 80 percent of segment profits in 2013, a 10
percentage point profit increase over 2012.

From year-end 2012, Alcoa’s total shareholder return has equaled
approximately 60 percent.

The Platts awards honor excellence and accomplishments in the global
metals industry. Award winners were selected by an impartial panel of
international experts whose background and experience include
regulation, corporate leadership and financial performance.

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,
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