Karl Tragl Assumes Leadership of Alcoa Engineered Products and Solutions
Tim Myers to Lead Alcoa Transportation and Construction Solutions
Lightweight metals leader Alcoa (NYSE:AA) today announced that Karl
Tragl, Group President of Transportation and Construction Solutions
(TCS), has been appointed Group President of Engineered Products and
Solutions (EPS), succeeding Olivier Jarrault, effective May 16. Jarrault
will leave Alcoa after working with Tragl to ensure a smooth transition.
Prior to joining Alcoa in February, Tragl was Chief Executive Officer of
Bosch Rexroth, a $6 billion (€5.4 billion) automation solutions company
with 31,000 employees in 80 countries. During his six years as CEO, he
delivered sustainable profitable growth through innovation and
significant operational improvements, while optimizing the portfolio
through key acquisitions and divestitures.
“Karl is the ideal leader to drive the future profitable growth of EPS,”
said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “He is
an execution-focused leader with a deep technology and engineering
background and a strong track record of operational and financial
success. Karl is the right executive for this pivotal role as we launch
Arconic in the second half of 2016.”
Tragl has held roles at Siemens, including Business Unit President in
the Automation Drives Group. He began his career as an engineer at the
German Aerospace Research Center. Tragl holds a degree in physics from
Friedrich-Alexander University, in Germany, and was awarded a Ph.D. in
electrical engineering from the University of Kaiserslautern, in Germany.
Kleinfeld thanked Jarrault for his 14 years of service to Alcoa.
“Olivier’s focus on operational excellence and productivity successfully
increased the profitability of Alcoa’s downstream businesses. He has
played an important role in the transformation of EPS into an aerospace
solutions leader.”
Succeeding Tragl as Group President of TCS is Tim
Myers, currently President of Alcoa Wheel and Transportation
Products (AWTP). In this new role, Myers’ responsibilities will include
oversight of AWTP and Alcoa Building & Construction Systems, both
leaders in innovating aluminum solutions within their respective markets.
Under Myers’ leadership, AWTP has become a highly innovative business
with significant market share and fast-growing international operations.
Prior to his 18 years with AWTP, Tim held automotive commercial roles
for Alcoa Mill Products and Alcoa Forged Products. He started his Alcoa
career as an automotive applications engineer and prior to joining Alcoa
was a product design engineer for Ford Motor Company.
“During his 25-year Alcoa career, Tim has successfully combined
breakthrough product and process technology development with a deep
commercial orientation to create value for our customers and for Alcoa,”
said Kleinfeld. “That winning approach will be key to driving greater
profitable growth in the commercial transportation and building and
construction markets for Alcoa today, and for Arconic tomorrow.”
Myers holds a Bachelor’s of Science in Mechanical Engineering and an MBA
from the University of Michigan.
About Alcoa
A global leader in lightweight metals technology, engineering and
manufacturing, Alcoa innovates multi-material solutions that advance our
world. Our technologies enhance transportation, from automotive and
commercial transport to air and space travel, and improve industrial and
consumer electronics products. We enable smart buildings, sustainable
food and beverage packaging, high-performance defense vehicles across
air, land and sea, deeper oil and gas drilling and more efficient power
generation. We pioneered the aluminum industry over 125 years ago, and
today, our approximately 58,000 people in 30 countries deliver value-add
products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For more
information, visit www.alcoa.com,
follow @Alcoa on Twitter at www.twitter.com/Alcoa
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Alcoa
Investor Contact:
Matt Garth, 212-836-2674
Matthew.Garth@alcoa.com
or
Media Contact:
Monica Orbe, 212-836-2632
Monica.Orbe@alcoa.com