Lightweight metals leader Alcoa (NYSE:AA) today announced that Karl
Tragl will become President of the Company’s Transportation and
Construction Solutions Group. He succeeds José Drummond, who resigned
from Alcoa to become CEO of a Brazilian company. Tragl’s appointment is
effective on February 15, 2016.
Tragl joins Alcoa from Bosch Rexroth AG, Bosch’s $6 billion automation
solutions company, where he has held the role of chief executive officer
since 2010. While there, he grew revenues significantly across a
customer base that spans most of Alcoa’s major markets, including
construction and commercial transportation. Highly respected by
customers for his expertise in the application of industrial Internet
solutions, his insights are expected to help shape the expansion of
Alcoa’s digitization, 3-D printing and other additive manufacturing
innovations.
“Karl Tragl is the ideal executive to lead our Transportation and
Construction Solutions businesses as they pursue a wide variety of
growth opportunities worldwide,” said Klaus Kleinfeld, Alcoa Chairman
and Chief Executive Officer. “Having led a highly successful global
automation technology business that served the construction and
commercial transportation industries, Karl will build on Alcoa’s strong
innovation edge to drive profitable growth into new international
markets. He also brings knowledge and experience that will be invaluable
to Alcoa’s current initiatives to tap the tremendous potential of
additive manufacturing and digitization for our businesses and our
customers.”
Prior to his six years as CEO, Karl served in a progression of
challenging roles at Bosch Rexroth. Earlier he was Partner of Siemens
Management Consulting. Tragl began his career as an engineer at the
German Aerospace Research Center, graduating with a PhD in Electrical
Engineering at Kaiserslautern University. He also has attended executive
programs at the Business Schools of both Duke and Carnegie Mellon
Universities.
About Alcoa
A global leader in lightweight metals technology, 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 approximately 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,
follow @Alcoa on Twitter at www.twitter.com/Alcoa and
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Alcoa
Investor Contact
Nahla Azmy, 212-836-2674
Nahla.Azmy@alcoa.com
or
Media Contact
Monica Orbe, 212-836-2632
Monica.Orbe@alcoa.com