Drummond to Support Alcoa’s Transformation Strategy in Latin America
NEW YORK & SAO PAULO--(BUSINESS WIRE)--Lightweight metals leader Alcoa (NYSE:AA) today announced that José Aurélio Drummond will join the Company as President of Latin America effective March 9, 2015. Mr. Drummond, 50, will lead Alcoa’s Latin America region, supporting the Company’s transformation strategy through which Alcoa is growing its value-add businesses and creating a globally competitive commodity business. Mr. Drummond currently serves on Alcoa’s Brazil Advisory Board and previously held global leadership roles at Whirlpool Corporation for 14 years. He will be based in São Paulo, Brazil.
“José brings significant knowledge of Alcoa and experience managing and growing global operations, making him uniquely qualified to lead our Latin America region where we are building our value-add businesses,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “José will partner with Alcoa’s businesses and represent the Company in interactions with regional policy makers, regulatory authorities, industry sector leaders and other key stakeholders to facilitate growth initiatives for our operations in the region.”
From 1999 through 2013, Mr. Drummond held several leadership positions at Whirlpool. Those roles included President for Europe, Middle East and Africa and President for Latin America Region Appliances and Compressors which, under Mr. Drummond’s tenure, grew and substantially improved the region’s profitability, increasing its contribution within Whirlpool’s global business. He has been a member of Alcoa’s Brazil Advisory Board since 2013. He also worked for Alcoa Alumínio from 1995 to 1999 in several roles, including as General Manager of the Packaging and Casting Divisions. Most recently, Mr. Drummond was Senior Operating Partner at an independent private equity firm which focuses on investments in South America.
Mr. Drummond holds a bachelor’s degree in industrial and metallurgical engineering from Faculdade de Engenharia Industrial in São Paulo and completed the Executive Development Program at the Wharton School of Business at the University of Pennsylvania.
Interim President Ricardo Sayão, who led the region since January 2015, will continue in his role as Vice President of Finance for Latin America.
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 59,000 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 and follow us on Facebook at www.facebook.com/Alcoa.