Alcoa Organisation Changes
Alain Belda, chairman and CEO of Alcoa has announced the retirement of Richard B. Kelson, chief financial officer and EVP. Joseph C. Muscari will succeed him in the role, effective 1 January 2006.
“Rick Kelson has been an integral part of Alcoa’s success over the past three decades,” said Belda. “We are sorry to lose him, but I am pleased that he has agreed to stay on well into next year to help provide for a smooth transition.” Mr Kelson will become chairman’s counsel in January and will continue to advise the company on the transition.