Chief Legal Officer Audrey Strauss to Retire
after Distinguished Career
Changes Effective upon Separation of
Company
Alcoa (NYSE:AA) announced today that it has named Kate Hargrove
Ramundo Executive Vice President, Chief Legal Officer and Corporate
Secretary of the future Arconic Inc., a role which will take effect
upon the Company’s separation later this year. Ramundo will succeed
Audrey Strauss, Alcoa Executive Vice President, Chief Legal Officer
and Corporate Secretary, who plans to retire at the completion of
Alcoa’s separation.
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Kate Hargrove Ramundo named future
Arconic Chief Legal Officer. (Photo: Business Wire)
“Audrey Strauss’s wise counsel and diligent legal representation
have been invaluable to Alcoa's successful transformation and
preparation for its historic separation. She retires from this key
executive role with our highest respect, admiration and best wishes
for this new chapter in a career of extraordinary achievement,”
said Alcoa Chairman and CEO Klaus Kleinfeld. “As we chart a new
future as Arconic, it is clear that Kate Ramundo’s impressive legal
acumen, extensive international experience and successful track
record in a wide range of business situations will be an ideal fit
for our innovation-driven growth strategy.”
After the Company’s separation, the future Arconic will comprise
the current Global Rolled Products (other than the rolling mill
operations in Warrick, IN and Saudi Arabia, which will move to
Alcoa Corporation), Engineered Products and Solutions, and
Transportation and Construction Solutions segments. Arconic will be
an innovator of high performance multi-material products and
solutions and a global leader in precision engineering and advanced
manufacturing. The future Alcoa Corporation, a global,
cost-competitive industry leader, will hold the current Upstream
and North American packaging businesses. The separation is on track
to be completed in the second half of 2016.
Biographical Information on Kate Hargrove Ramundo:
Kate Hargrove Ramundo comes to the future Arconic most recently
from ANN, Inc., based in New York, where she served as Executive
Vice President, General Counsel and Secretary. Kate earlier served
as Vice President, Deputy General Counsel and Assistant Secretary
of Colgate-Palmolive. Among her other positions during her 15-year
tenure at Colgate, she served as General Counsel of the
Europe/South Pacific division, and later managed global specialty
legal activities throughout the entire Colgate world, including
North America, Europe, Asia, South Pacific, Africa, the Middle East
and Latin America. She began her career as a litigator, practicing
at major New York-based law firms.
Kate holds a bachelor’s degree from Georgetown University, where
she graduated Phi Beta Kappa and magna cum laude, and a J.D. from
Columbia University School of Law, where she was a Harlan Fiske
Stone Scholar.
Dissemination of Company Information
Alcoa intends to make future announcements regarding Company
developments and financial performance through its website at
www.alcoa.com.
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 57,000 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 follow us on Facebook at
www.facebook.com/Alcoa.
Forward-Looking Statements
This communication contains statements that relate to future
events and expectations and as such constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as “anticipates,” “believes,” “could,”
“estimates,” “expects,” “forecasts,” “intends,” “may,” “outlook,”
“plans,” “projects,” “seeks,” “sees,” “should,” “targets,” “will,”
“would,” or other words of similar meaning. All statements that
reflect the Company’s expectations, assumptions or projections
about the future, other than statements of historical fact, are
forward-looking statements, including, without limitation,
statements regarding the separation transaction. Forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, and changes in circumstances that are
difficult to predict. Although the Company believes that the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, it can give no assurance that these
expectations will be attained and it is possible that actual
results may differ materially from those indicated by these
forward-looking statements due to a variety of risks and
uncertainties. Such risks and uncertainties include, but are not
limited to: (a) uncertainties as to the timing of the separation
and whether it will be completed; (b) the possibility that various
closing conditions for the separation may not be satisfied; (c) the
outcome of contingencies, including legal proceedings; (d) the
impact of the separation on the businesses of Alcoa; (e) the risk
that the businesses will not be separated successfully or such
separation may be more difficult, time-consuming or costly than
expected, which could result in additional demands on Alcoa’s
resources, systems, procedures and controls, disruption of its
ongoing business and diversion of management’s attention from other
business concerns; and (f) the other risk factors discussed in the
Company’s Form 10-K for the year ended December 31, 2015, and other
reports filed with the SEC. The Company disclaims any obligation to
update publicly any forward-looking statements, whether in response
to new information, future events or otherwise, except as required
by applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20160824006100/en/
AlcoaInvestor Contact:Matt Garth,
212-836-2674Matthew.Garth@alcoa.comorMedia Contact:Monica Orbe,
212-836-2632Monica.Orbe@alcoa.com
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