Alcoa Board of Directors Elects John Kenna Vice President, Tax; Olivier Jarrault Elected Executive Vice President

Alcoa announced that its Board of Directors has elected John Kenna, 50, as Vice President, Tax and an Officer of the company. He had been serving as Acting Director of the Tax Department since May 2010. The Board also elected Olivier Jarrault, 49, to the additional position of Executive Vice President of the Company. He was recently appointed President, Alcoa Engineered Products and Solutions.

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In announcing Mr. Kenna's promotion, Chuck McLane, Alcoa Executive Vice President and Chief Financial Officer, said: “John has played an important role in supporting transactions, tax accounting, tax planning and completing IRS audits. I'm confident of his ability to lead the Tax Department, as we continue to operate and deal with the inherent complexities of operating in tax jurisdictions around the globe.”

Mr. Kenna joined Alcoa in 2002 after a successful career as a tax partner in Ernst & Young's International Tax Group, where he coordinated tax activities for large multinational clients. While working in all areas of Alcoa's Tax Department, Mr. Kenna has focused most of his activities on international transactions, compliance and tax accounting. A Certified Public Accountant, Mr. Kenna holds a bachelor's degree in Accounting from The Pennsylvania State University.

Earlier this month, Mr. Jarrault was named President of Alcoa's Engineered Products and Solutions (EPS) business group, which comprises six global businesses involved in the aerospace, automotive, commercial transportation, building and construction, oil and gas, and fastening systems markets. Together, the EPS businesses had revenues of $4.6 billion in 2010. Previously, he was chief operating officer for Alcoa Engineered Products and Building Systems where he was responsible for the Alcoa Fastening Systems, Alcoa Wheel and Transportation Products, and Building and Construction Systems businesses. Mr. Jarrault was elected a vice president of Alcoa in 2006.
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