Alcoa Inc., the biggest U.S. aluminum producer, appointed Roy Harvey to head its new metal-making business after it’s separated from manufacturing operations under a plan announced two months ago.
Harvey, currently president of global primary products, will serve as chief executive officer of the new upstream company once the separation is complete in the second half of 2016, the New York-based producer said in a statement Tuesday. Current Alcoa Chief Financial Officer William Oplinger will serve as CFO under Harvey.
As previously announced, Alcoa CEO Klaus Kleinfeld will head the manufacturing company with Ken Giacobbe as CFO. Kleinfeld will also serve as chairman of the upstream company during a transition period.
The appointments come a day after billionaire Paul Singer’s Elliott Management Corp. announced it bought a stake in the company, endorsing Kleinfeld’s separation plan.
Alcoa shares rose 0.3 percent to $9.10 at 1:27 p.m. in New York.