Alcoa Expands Its Board - Quick Facts

(RTTNews) - Alcoa Inc. (AA) announced that it will appoint Ulrich Rick Schmidt, John Plant and Sean Mahoney to serve on the company's Board, effective February 5, 2016. With these appointments, the Alcoa Board will be expanded to consist of 15 directors. Alcoa and affiliates of Elliott Management, which hold an economic interest in approximately 7.5 percent of Alcoa's common stock, have entered into an agreement that provides that Elliott will support the company's slate of director nominees at Alcoa's 2016 Annual Meeting of Shareholders.

Ulrich Rick Schmidt is the former Executive Vice President and CFO of Spirit Aerosystems Holdings, Inc. John Plant is the former chairman of the board, president and CEO of TRW Automotive. Sean Mahoney is a private investor with over two decades of experience in investment banking and finance. Mahoney currently serves on the boards of Delphi Automotive plc, Cooper-Standard Holdings Inc., and Formula One Holdings.

Mahoney will be included with the company's slate of director nominees for election at the 2016 Annual Meeting of Shareholders and will be added to the class of directors whose term expires in 2016. Schmidt and Plant will be added to the class of directors whose terms expire in 2017 and 2018, respectively.