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BUSINESS NEWS ALCOA INC. ANNOUNCES BOARDS OF DIRECTORS FOR FUTURE ARCONIC AND ALCOA CORPORATION In preparation for its separation into two industry- leading companies, Alcoa Inc. has named the members of the boards of directors for the future Arconic Inc. and Alcoa Corporation. To ensure continuity and retention of valuable Alcoa experience, each new company’s board will include members of the current Alcoa Inc. board, who will serve alongside new directors appointed after a comprehensive search. “We have established two world-class, diverse boards for Arconic and Alcoa Corporation to accelerate value for the shareholders of each company,” said Alcoa Chairman and CEO Klaus Kleinfeld. “The new directors – like the directors they join – are high-caliber executives who bring to the table track records of success in relevant industrial and leadership roles. Arconic and Alcoa Corporation will draw on the valuable experience of its directors as each company sets course for a promising future.” Arconic will be a provider of high performance materials and engineered products to the aerospace, automotive, commercial transportation, and other growth industries, with a portfolio and strategy positioned to achieve consistent profitable growth. Klaus Kleinfeld will serve as Arconic chairman and CEO. The Arconic board of directors will comprise the following: ❚ ❚ Amy Alving, former senior vice president and chief technology officer, Leidos Holdings, Inc. ❚ ❚ Arthur Collins, Jr., former chairman and CEO, Medtronic, Inc. ❚ ❚ Rajiv Gupta, chairman, Delphi Automotive PLC and chairman and senior advisor, New Mountain Capital, LLC. ❚ ❚ Klaus Kleinfeld, chairman and CEO, Arconic Inc. ❚ ❚ Sean Mahoney, private investor and former partner and head of the Financial Sponsors Group, Goldman, Sachs & Co. ❚ ❚ E. Stanley O’Neal, former chairman and CEO, Merrill Lynch & Co., Inc. ❚ ❚ John Plant, former hairman, president, and

CEO, TRW Automotive ❚ ❚ L. Rafael Reif, president, Massachusetts Institute of Technology ❚ ❚ Julie Richardson, former partner and the head of the New York office, Providence Equity Partners LLC ❚ ❚ Patricia Russo, chairman, Hewlett Packard Enterprise and former CEO, Alcatel Lucent ❚ ❚ Ulrich Schmidt, former executive vice president and CFO, Spirit Aerosystems Holdings, Inc. ❚ ❚ Martin Sorrell, founder and CEO, WPP plc ❚ ❚ Ratan Tata, former chairman, Tata Sons Limited Alcoa Corporation will be a globally-competitive industry leader in bauxite, alumina, and aluminum products, positioned to succeed throughout the market cycle. Roy Harvey, current group president of the Alcoa Global Primary Products business, will be CEO of Alcoa Corporation. The full Alcoa Corporation board of directors will comprise the following: ❚ ❚ Mary Anne Citrino, senior advisor, The Blackstone Group L.P. ❚ ❚ Timothy Flynn, former CEO, KPMG ❚ ❚ Kathryn Fuller, chair, the Smithsonian’s National Museum of Natural History ❚ ❚ Roy Harvey, CEO, Alcoa Corporation ❚ ❚ James Hughes, former CEO, First Solar, Inc. ❚ ❚ Michael Morris, former chairman and CEO, American Electric Power Company, Inc. ❚ ❚ James Nevels, founder and chairman, The Swarthmore Group ❚ ❚ James Owens, former chairman and CEO, Caterpillar Inc. ❚ ❚ Carol Roberts, senior vice president and CFO, International Paper Company ❚ ❚ Suzanne Sitherwood, president and CEO, Spire Inc. ❚ ❚ Steve Williams, president and CEO, Suncor Energy Inc ❚ ❚ Ernesto Zedillo, former president of Mexico and current director, Yale Center for the Study of Globalization

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MARK ZWEIG, from page 1

meanwhile I will have to type away on this thing on my desk called a “computer.” Funny thing about it – every website looks like it should. All my info is here and I can find it. The keyboard is good for typing. It has USB ports. It’s pretty doggone nice come to think of it! Maybe I’ll just go to Wal-Mart and get a flip phone next time! On second thought, I am gonna get this new one going. It’s what allows me to work anytime, anywhere, and be amazingly responsive and productive – two keys to any success I have ever enjoyed! MARK ZWEIG is Zweig Group’s founder and CEO. Contact him at mzweig@zweiggroup.com.

THE ZWEIG LETTER September 26, 2016, ISSUE 1169

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