October 21, 2004-Jobwerx News-ALCOA (NYSE:AA) announced yesterday a reorganization of its management structure to better align itself with global markets. Alcoa will create a new global primary business, serving the aluminum and alumina markets, and a new global extruded products business. It will also create an integrated North American and European business serving the mill products markets. The rigid packaging business, with major operations in the United States and Australia, will be organized into a new global business group, and combined with Alcoa's Asia operations, and the global industrial foil business.

These four new businesses, along with two existing global businesses serving the packaging and transportation markets, will give Alcoa a more simplified structure better suited to serve its customers. The leaders of these six businesses will report to Alain Belda, Alcoa Chairman and CEO.

To continue its growth strategy, the company will rely on regional presidents, who have primary responsibility for negotiating expansions in Europe, Asia, Australia, and Latin America. A new post, Executive Vice President for People, ABS, and Culture, will drive corporate initiatives, such as deployment of the Alcoa Business System and quality.

"Globalization continues to transform the way our business operates," said Alcoa Chairman and CEO Alain Belda. "Today's changes will help us be more agile in swift-moving markets and allow us to better leverage our global manufacturing capability. The new management team and structure give us an opportunity to further reduce costs, improve productivity, and grow our business."

To help expand the company's global footprint, Alcoa will rely on the leadership of key executives with proven expertise in driving growth. More information is avilable on their website.

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