Market Overview

Ray Kilmer Named Alcoa Chief Technology Officer, Succeeding Mohammad Zaidi

Alcoa (NYSE: AA) announced today that Dr. Ray Kilmer, currently Vice President, Technology Development and Deployment, has been appointed Chief Technology Officer, succeeding Dr. Mohammad Zaidi, who has elected to retire. Dr. Kilmer will become a member of Alcoa's Executive Council and will be recommended to be elected an officer of the company by Alcoa's Board of Directors.

In his new role, Dr. Kilmer will lead Alcoa's global technology team, building on Dr. Zaidi's work to transform the Alcoa Technical Center (ATC) into an innovation platform and accelerate commercialization of technology developed within Alcoa's businesses.

Dr. Zaidi will retire August 1, after 26 successful years at Alcoa.

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