Alcoa (NYSE:AA) announced they're replacing retiring president of Alcoa Engineered Products and Solutions, William F. Christopher, with Olivier Jarrault, who is currently serving as COO of Alcoa Engineered Products and Building Systems.
The change will be effective as of January 1, although Christopher will stay on through April 1.
Klaus Kleinfeld, Alcoa Chairman and CEO, said in a statement, "Bill has been a good friend and trusted partner to me, and a wise counselor to many Alcoans over his 35-year career. Fortunately, we have an outstanding leader ready to succeed Bill. Olivier has built a reputation as an action-oriented leader who is respected by customers and employees and known for delivering strong financial performance. I look forward to him joining my lead team.”
Jarrault will oversee six divisions of Alcoa, including oil and gas, power and propulsion, and fastening systems. He will also help guide the strategic direction of the company by becoming a member of the executive council.
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