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New Vice President at Alcoa

He will be responsible for developing and implementing Alcoa’s portfolio growth strategies, including merger and acquisition, and divestiture activities. Jepsen will also serve on the Alcoa Executive Council, the senior leadership team that sets strategic direction for the company. Jespen comes to Alcoa from FLSmidth, a global engineering company headquartered in Copenhagen, Denmark, that serves the cement and minerals industries. His most recent position was Group Executive Vice President and CEO of the company’s USD 3 billion global minerals business. During his 22 years with FLSmidth, he has served as Chief Financial Officer in several of the company’s larger businesses both in Denmark and the US Since 2000, he has led businesses and served in senior executive positions for FLSmidth’s operations in the US and globally. Jepsen earned a bachelor’s and master’s degrees in business administration at Aarhus University, Denmark, and completed the Harvard Business School’s Advanced Management Program in 2003 and the General Management Program at the European Center for Executive Development, CEDEP, in Fontainebleau, France, in 1995. George King, Managing Director and Vice President for Corporate Development, will continue to serve in a key leadership role within the group, including overseeing major transactions on behalf of the company. He will report to Jepsen. Alcoa is the world’s leading producer of primary aluminium, fabricated aluminium and alumina. Approximately 75 % of all of the aluminium ever produced since 1888 is still in active use today. Alcoa employs approximately 61000 people in 31 countries across the world (6/2012).

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