Friday, April 23, 2010

Alcoa (NYSE:AA) CEO Now Chairman As Well

Alcoa (NYSE:AA) Chief Executive Officer Klaus Kleinfeld has expanded his responsiblilities at the company by having the role of chairman added to his workload.

Former chairman Alain Belda is retiring, creating the chairman opening for Alcoa. Belda had worked with Alcoa for over 40 years.

Kleinfeld is also president of Alcoa, which has struggled so far in 2010, with shares down 12 percent so far as aluminum prices remain down.

The replacement of Belda with Kleinfeld was expected, as Belda let it be known in July 2009 he was going to retire this year.

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