Alcoa Corp AA disclosed the appointment of William F. Oplinger as President and Chief Executive Officer and as a member of its Board of Directors, effective September 24, 2023.
Oplinger succeeds Roy C. Harvey, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023.
Oplinger has previously served as the company's Executive Vice President and Chief Operations Officer since February 2023 and as Executive Vice President and Chief Financial Officer from November 2016 to February 2023.
"Roy has guided Alcoa since its launch as a public company in November 2016, helping to transform Alcoa into the stronger and more resilient company that it is today. On behalf of the entire Board of Directors, we extend our sincerest gratitude to Roy for his service and his lasting contributions to Alcoa," said Steven Williams, non-executive Chairman of the Board.
As of June 30, 2023, Alcoa's cash and cash equivalents stood at $990 million.
Price Action: AA shares are trading lower by 5.43% at $26.80 on the last check Monday.
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