Alcoa 2011 Annual Report Download - page 33

Klaus Kleinfeld, 54, Director, Chairman of the Board and Chief Executive Officer. Mr. Kleinfeld was elected to
Alcoa’s Board of Directors in November 2003 and became Chairman on April 23, 2010. He has been Chief Executive
Officer of Alcoa since May 8, 2008. He was President and Chief Executive Officer from May 8, 2008 to April 23,
2010. He was President and Chief Operating Officer of Alcoa from October 1, 2007 to May 8, 2008. Mr. Kleinfeld was
President and Chief Executive Officer of Siemens AG, the global electronics and industrial conglomerate, from
January 2005 to June 2007. He served as Deputy Chairman of the Managing Board and Executive Vice President of
Siemens AG from 2004 to January 2005. He was President and Chief Executive Officer of Siemens Corporation, the
U.S. arm of Siemens AG, from 2002 to 2004.
Charles D. McLane,Jr., 58, Executive Vice President and Chief Financial Officer. Mr. McLane was elected an Alcoa
Executive Vice President in September 2007 and was elected Vice President and Chief Financial Officer of Alcoa in
January 2007. He was elected Vice President and Corporate Controller in October 2002. He joined Alcoa in May 2000
as director of investor relations, following Alcoa’s merger with Reynolds Metals Company. He became Assistant
Treasurer of Reynolds in 1999 and Assistant Controller of that company in 1995.
Kay H. Meggers, 47, Executive Vice President – Alcoa and Group President, Global Rolled Products. Mr. Meggers
was elected an Alcoa Executive Vice President in December 2011. He was named Group President, Global Rolled
Products effective November 14, 2011. Before his most recent appointment, he led Alcoa’s Business Excellence/
Corporate Strategy resource unit and was also responsible for overseeing Alcoa’s Asia-Pacific region. He joined Alcoa
in February 2010 as Vice President, Corporate Initiatives, a position responsible for planning and coordinating major
strategic initiatives from enhancing technology and innovation as part of the Alcoa Technology Advantage program to
spearheading growth strategies for China and Brazil. He was elected a Vice President of Alcoa in June 2011. Before
joining Alcoa, Mr. Meggers was Senior Vice President at Siemens U.S. Building Technologies Division and served for
three years as Business Unit Head of Building Automation. In 2006 he served for nine months as Division Head of Fire
Safety, also part of Siemens U.S. Building Technologies Division. Between 2002 and 2005, he served as Vice
President of Strategic Planning at Siemens U.S.
Kurt R. Waldo, 56, Executive Vice President, Chief Legal and Compliance Officer. Mr. Waldo was elected to his
current position effective January 20, 2012. He joined Alcoa’s Legal Department in 1980 and served in a series of
positions of increasing responsibility in the Legal Department from that time to his most recent appointment. He was
elected Vice President and General Counsel of Alcoa in September 2008; Deputy General Counsel in April 2007; and
Assistant General Counsel in August 1999. He served as Senior Counsel from 1991 to August 1999; and as European
Regional Counsel from 1987 to 1991, based in Lausanne, Switzerland.
Item 1A. Risk Factors.
Alcoa’s business, financial condition or results of operations may be impacted by a number of factors. In addition to
the factors discussed separately in this report, the following are the most significant factors that could cause Alcoa’s
actual results to differ materially from those projected in any forward-looking statements:
The aluminum industry generally remains highly cyclical and is influenced by a number of factors including
global economic conditions.
The aluminum industry generally is highly cyclical. Alcoa is subject to cyclical fluctuations in global economic
conditions and aluminum end-use markets. Demand for our products is sensitive to these fluctuations. For example,
2011 was a turbulent year in the world economy, characterized by an uneven recovery in many regions and prolonged
volatility and crisis in others, namely Europe. Demand for aluminum started strong at the beginning of the year but
weakened in the second half. While Alcoa believes that the long-term prospects for aluminum remain bright, the
company is unable to predict the future course of industry variables or the strength, pace or sustainability of the
economic recovery and the effects of government intervention. Another major economic downturn, a prolonged
recovery period, or disruptions in the financial markets could have a material, adverse effect on Alcoa’s business or
financial condition or results of operations.
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