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4-Traders Homepage  >  Equities  >  Nyse  >  Alcoa Inc    AA

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Alcoa Inc. : Alcoa Promotes Mike Barriere to Vice President, Human Resources; Jack Bergen Becomes Vice President, Corporate Projects

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04/23/2012 | 06:15pm CEST

Alcoa (NYSE:AA) announced today that Mike Barriere has been promoted to Vice President, Human Resources effective May 1. He succeeds Jack Bergen, who will become Vice President, Corporate Projects. Barriere will also become a member of the Alcoa Executive Council, the senior leadership team that sets corporate strategic direction. Alcoa has 61,000 employees in 31 countries.

Mike Barriere was promoted to Vice President, Human Resources at Alcoa. (Photo: Business Wire)

Mike Barriere was promoted to Vice President, Human Resources at Alcoa. (Photo: Business Wire)

"With a 20-year track record of success as an HR professional, Mike has the ideal experience and qualifications to advance our human resources organization and develop talent as a solid Alcoa advantage," said Alcoa Chairman and CEO Klaus Kleinfeld.

Bergen, in his new role, will serve in a variety of assignments to strengthen coordination and collaboration among Alcoa's business units and staff groups. He will also have a key role in developing and teaching leadership programs for various levels of the organization, including senior executive coaching.

"Jack has an extraordinary combination of corporate and leadership experience that will help our drive to succeed as a high-performing company," Kleinfeld said.

Biographical Information:

Mike Barriere

Mike Barriere joined Alcoa as Chief Talent Officer in 2011, having oversight for talent development, performance management, leadership training, succession planning and employee engagement. Prior to coming to Alcoa, he was Senior Vice President of Human Resources at New York Life Insurance. While there, he established HR centers of expertise in Talent Management, Recruiting, Diversity and Compensation. Prior to NY Life, he led a global HR team at Citigroup that included HR business partner, compensation, strategy, talent and leadership development functions for the bank's businesses in Asia, Europe, Latin America and the U.S. Earlier in his career, Barriere was a system design engineer for Grumman Aerospace Corporation and a research scientist at Brookhaven National Laboratory in its Human Factors & Performance Analysis Group.

Barriere has a PhD in industrial psychology from Hofstra University in New York, with a focus on employee engagement and leadership, and an MBA from the Wharton Business School at University of Pennsylvania. He earned his bachelor's degree in Engineering Science from Hofstra.

Jack Bergen

Jack Bergen is a seasoned HR and Communications professional, having served in senior management positions with several corporations including Siemens, CBS, Westinghouse and GE. He was also CEO of GCI Group, an international public relations and government affairs firm with operations in 24 countries.

Bergen joined Alcoa in 2008 responsible for global external and internal communications, government affairs and e-business for the Company, as well as oversight to the Alcoa Foundation. In 2010, he became vice president, Human Resources overseeing HR functions across the globe in the 31 countries where Alcoa has a presence.

He has served as a strategic planner in the Pentagon and as chief speechwriter to Secretary of Defense Casper Weinberger during the Reagan Administration. Bergen graduated from the U.S. Military Academy at West Point with a degree in Engineering and later received a Master's degree in English from Indiana University. A Vietnam veteran, Bergen led military units in Europe and Korea and was an Army Ranger and paratrooper.

About Alcoa

Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa's operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for ten consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50248649&lang=en

Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
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Libby Archell, 212-836-2719


© Business Wire 2012
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Financials ($)
Sales 2016 20 855 M
EBIT 2016 1 481 M
Net income 2016 378 M
Debt 2016 6 908 M
Yield 2016 1,19%
P/E ratio 2016 37,98
P/E ratio 2017 19,01
EV / Sales 2016 1,00x
EV / Sales 2017 0,95x
Capitalization 13 901 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 11,3 $
Spread / Average Target 7,2%
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NameTitle
Klaus-Christian Kleinfeld Chairman & Chief Executive Officer
William F. Oplinger Chief Financial Officer & Executive Vice President
Raymond J. Kilmer Chief Technology Officer & EVP
Ernesto Zedillo Ponce de León Independent Director
Kathryn S. Fuller Independent Director
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