Alcoa restructures the 'Executive Leadership Team' to strengthen its focus on operational excellence, cost-cutting, and innovation

On December 10, 2023, the global industry leader with a vision to reinvent the aluminium industry for a sustainable future, Alcoa Corporation, announced a restructuring of its 'Executive Leadership Team' to further improve the Company's rigorous focus on operational excellence, cost, and innovation.

However, the changes will come into effect from February 1, 2023, including reassigning responsibilities for two existing 'Executive Leadership Team' members and appointing a new Chief Financial Officer.

William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer.

Senior Vice President and Controller Molly Beerman have been appointed EVP and Chief Financial Officer. She will also be the executive member to oversee Alcoa’s Information Technology and Automation Solutions team.

Renato Bacchi, currently EVP and Chief Strategy Officer, will take on added responsibilities to become EVP, Chief Strategy & Innovation Officer, including overseeing Alcoa’s breakthrough research and development technologies.

Roy Harvey, the President and CEO of Alcoa, “This restructuring will ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer. The plan fully aligns with our Company’s purpose and vision to reinvent the aluminium industry, and it will integrate the corporate strategy team with our innovative and breakthrough technologies.”

As part of the restructuring, John D. Slaven, current EVP and Chief Operations Officer, and Benjamin D. Kahrs, EVP and Chief Innovation Officer will exit the organization.

Harvey said, “John and Ben are tremendous professionals and exceptional leaders who have contributed significantly to Alcoa’s success. I thank them for their strong leadership and commitment to excellence, and we will continue to build on their achievements.”