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Aluminum producer Alcoa names new president and CEO
  + stars: | 2023-09-25 | by ( Laya Neelakandan | ) www.cnbc.com   time to read: +1 min
Aluminum producer Alcoa announced Monday that the company has named William Oplinger as its new president and CEO, effective immediately. Oplinger had served as Alcoa's executive vice president and chief operations officer since February. "Our Board believes Bill's extensive experience with Alcoa makes him well-positioned to carry the company forward." The Pittsburgh-based producer split into two publicly traded companies and created the current iteration of Alcoa in 2016. Before that, Oplinger had served as chief financial officer and oversaw the mining, refining, smelting and energy businesses.
Persons: William Oplinger, Roy Harvey, Oplinger, Roy, Steven Williams, Harvey, We've Organizations: Alcoa Locations: Pittsburgh, Alcoa
Alcoa — Shares of the aluminum stock slipped 6.1% after the company said executive vice president William Oplinger would succeed Roy Harvey as CEO and president. Li Auto — U.S.-traded shares of the Chinese EV company dropped 10% following news that Huawei made moves in the increasingly competitive space. GE HealthCare Technologies — Shares of the medical technology gained 3.3%. JD.com — U.S.-listed shares of the Chinese e-commerce stock slid 2.1% as concerns over the state of the country's economy grew. Chefs' Warehouse — The specialty food distributor popped 1.6% after UBS initiated coverage of the stock at a buy.
Persons: William Oplinger, Roy Harvey, Oplinger, Nio, Li, Leonard Green, Canaccord Genuity, Yun Li, Jesse Pound, Pia Singh, Brian Evans, Hakyung Kim Organizations: Alcoa Inc, Davenport, Alcoa —, U.S, Li Auto, EV, Huawei, GE HealthCare Technologies, GE HealthCare, Williams, Sonoma —, Green Equity Investors, Partners, Dow Inc, JPMorgan, Technologies, Citi, Chefs, UBS, Hudson Technologies Locations: Riverdale , Iowa, Williams, Sonoma,
Alcoa Corp. named a new finance chief amid a wider executive reshuffle as the aluminum producer faces soaring energy costs and volatile prices. Ms. Beerman succeeds current CFO William Oplinger, who will become chief operations officer next month after about six years in the top finance role. In addition, two executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring, Alcoa said. It will “ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer,” Chief Executive Roy Harvey said in a statement. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
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