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Alcoa combines business units, names Reyes to run aluminum business

Mar. 02, 2017 10:06 AM ETAlcoa Corporation (AA) StockBy: Carl Surran, SA News Editor4 Comments
  • Alcoa (NYSE:AA -0.4%) appoints a new head of its aluminum business and unveils a plan to consolidate its business units to reduce complexity.
  • Effective immediately, the aluminum smelting, cast products and rolled products businesses, along with most energy segment assets, will be combined into a new Alcoa Aluminum business unit; as a result, AA's three business units are Alcoa Bauxite, Alcoa Alumina and Alcoa Aluminum.
  • Tim Reyes will run the aluminum business, replacing Martin Briere, who has been president of the unit since 2014 and will leave the company; Reyes has been president of Alcoa cast products, a unit that produces differentiated aluminum products, since 2015.

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