NEW YORK–Alcoa today announced that two top executives will assume new
responsibilities and it will create a Latin America & Caribbean (LA&C)
regional headquarters to accelerate growth in the region. The executive
changes will become effective Jan. 1, 2012.

Franklin L. (Frank) Feder will become Regional Chief Executive
Officer of Latin American & Caribbean and will lead the new LA&C
headquarters, reporting to Alcoa Chairman and CEO Klaus Kleinfeld. Feder
will oversee a Latin America Regional Council that will bring together
all Alcoa business groups in a focused effort to drive the Company’s
growth agenda. Feder was most recently President, Global Primary
Products LA&C.

“Brazil has long been an important region to Alcoa, particularly in our
upstream businesses, but with Brazil’s rapidly growing economy, its
strategic importance to Alcoa extends beyond our Global Primary Product
business,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive
Officer.

“Frank is the ideal leader for this regional effort. During his 21-year
Alcoa career, he has developed strong relationships inside and outside
the Company that will enable him to guide and oversee the execution of
our portfolio and market strategies in the region,” said Kleinfeld.

Succeeding Feder is Marcos Ramos who is appointed President,
Global Primary Products, Latin America & Caribbean. He will oversee all
of Global Primary Products businesses in the region, and report to Chris
Ayers, Executive Vice President, and Group President Global Primary
Products. Ramos was most recently President of Alcoa Europe and Global
Primary Products Europe.

“In his role as the European Regional President, Marcos has clearly
shown an ability to handle multinational and multicultural
complexities,” said Chris Ayers. “Marcos and his team have successfully
moved the region into one of Alcoa’s most efficient Primary regions
worldwide. We’re confident that he will take our Latin America &
Caribbean Primary Products operations to the next level.”

Franklin L. (Frank) Feder

Feder joined Alcoa Aluminio, Alcoa’s Brazilian affiliate, in 1990 as
director of Corporate Planning, and then served as Chief Financial
Officer from 1994 until 1999. Frank transferred to the U.S. in 1999
where, until early 2001, he worked in Alcoa’s Corporate Development
organization in Pittsburgh. During this period, he also served as
liaison and coordinator of Alcoa’s corporate and business strategy
review. In 2001, he was named a vice president of Alcoa and Vice
President, Analysis and Planning based in New York. In this assignment,
he was responsible for providing business and financial analysis at
Alcoa’s corporate level, including support for internal and external
financial reporting, coordination of the operating planning process and
engagement in global finance initiatives. In 2006, Frank was named
President, Alcoa Latin America and President, Global Primary Products
LA&C in October 2007.

Frank graduated from the Getulio Vargas Foundation in Sao Paulo in 1972
with a degree in business. He also obtained an MBA degree in 1977 from
the International Management Development Institute (IMD) in Lausanne,
Switzerland.

Marcos Ramos

A native of Brazil, Ramos joined Alcoa Aluminio in Brazil in 1984, and
later became smelter operational and technology director at Elkem
Aluminium NS in Norway, when it was under partnership between Alcoa and
Orkla. Alcoa is now the sole owner of the operation. In 2003, he became
plant manager for the Alcoa San Ciprián Spain plant and two years later
was named manufacturing director Primary Products Europe. In 2007,
Marcos was appointed President of Global Primary Products in Europe, and
in 2010 took on additional responsibilities as President of Alcoa Europe.

He earned a Bachelor degree in Engineering from Escola de Minas Ouro
Preto and a Master’s degree in Production Management from the
Universidade Federal de Santa Catarina, both located in Brazil.