Alain J. P. Belda

Alain J. P. Belda has been the Chairman of the Board and Chief Executive Officer of Alcoa since January 2001.

Business experience

*President and Chief Executive Officer of Alcoa from May 1999 to January 2001
*President and Chief Operating Officer of Alcoa from 1997 to May 1999
*He served as Alcoa's Vice Chairman from 1995 to 1997
*Executive Vice President from 1994 to 1995;
*From 1979 to 1994, he was President of Alcoa Aluminio S.A. in Brazil, Alcoa's Brazilian affiliate

Controversies

On October 6, 2005, in the paper EXAME in São Paulo, Brazil, there appeared an article by journalist Alexa Salomão, where Belda was quoted as saying Alcoa was paying Brazilians twice as much for energy for the corporation's Brazilian aluminum smelters, as it was paying Iceland's state-run energy firm Landsvirkjun: "...the agreed price — 30 dollars per megawatt-hour — was far from ideal. In Iceland, the company pays half that." ( [http://mar.anomy.net/files/2006/06/alcoa-frett.htm] ) When this news reached Icelandic media, on June 7 2006 ( [http://eggin.blogdrive.com/archive/129.html] , [http://www.malbein.net/pallasgeir/?p=149] ), the reaction was negative from environmentalists opposed to the already controversial Kárahnjúkar hydroelectric dam, and others, as Icelandic citizens and other firms pay 8 times that.

Friðrik Sophusson, the director of Landsvirkjun, said the quoted price was ridiculous, the real price being somewhat higher. A New York spokesperson for Alcoa said Belda had been "inaccurate" ( [http://ruv.is/heim/frettir/frett/store64/item73762/] ) in the interview. An Icelandic social-democratic member of parliament, Helgi Hjörvar, who is on the board of Landsvirkjun, challenged authorities to reveal the real price and thus "clear the air" surrounding the project -- the dam and the smelter. Representatives of Alcoa finally apologized to Landsvirkjun for the whole issue and Salomão's article was removed from Alcoa's website.

Other directorships

Citigroup Inc. and E. I. du Pont de Nemours and Company. Mr. Belda serves on the board of trustees of The Conference Board, the world's leading business membership and research organization, and is a member of the board of trustees of the Brown University Corporation.

External links

*Alexa Salomão: [http://mar.anomy.net/files/2006/06/alcoa-frett.htm Alcoa's only option] (copy)
*News story: [http://www.icelandreview.com/icelandreview/daily_news/?cat_id=16539&ew_0_a_id=210973 Conflicting reports on energy prices paid by Alcoa to Landsvirkjun]