Carlos Ghosn, President and CEO of Nissan Motor Co., Named to Alcoa's Board.Business Editors PITTSBURGH--(BUSINESS WIRE)--Feb. 18, 2002 Alcoa Alcoa U.S. company, the world's largest producer of aluminum. Established in Pittsburgh, Pa., in 1888, it adopted the name Aluminum Co. of America in 1907. Alcoa introduced aluminum foil in 1910 and found uses for aluminum in the emerging aviation and automobile industries. (NYSE NYSE See: New York Stock Exchange :AA) announced today that Carlos Ghosn, 47, president and chief executive officer of Nissan Motor Co., Ltd., has been elected to Alcoa's board of directors. There are now 11 directors on Alcoa's board. In making the announcement, Alcoa Chairman Alain Belda said, "Mr. Ghosn adds to Alcoa's board his keen understanding of the automotive market, which is one of our major market segments, his management skills that resulted in the significant turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. of Nissan, and his global exposure." Mr. Ghosn was elected president and chief executive officer of Nissan in 2001. He previously served as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. since 1999. From 1996 until 1999, Mr. Ghosn was executive vice president of Renault France. Renault owns 36.8% of Nissan. From 1978 to 1996 Mr. Ghosn served in various capacities with Compagnie Generale des Etablissements Michelin in the U.S. and Brazil, including chairman, president and chief executive officer of Michelin North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Inc., from 1990 to 1996. Mr. Ghosn was educated in France where he received engineering degrees from Ecole Polytechnique in 1974 and Ecole des Mines de Paris in 1978. |
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