Aluminum Giant Alcoa Ushers In A New Era: William Oplinger Steps Up As CEO
Portfolio Pulse from Lekha Gupta
Alcoa Corp (NYSE:AA) has announced the appointment of William F. Oplinger as its new President and CEO, effective from September 24, 2023. Oplinger, who has served as the company's Executive Vice President and Chief Operations Officer since February 2023, will succeed Roy C. Harvey. Harvey will serve as Strategic Advisor to the CEO until the end of 2023. Following the announcement, AA shares fell by 5.43%.
September 25, 2023 | 1:57 pm
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Alcoa Corp's new CEO appointment led to a 5.43% drop in its share price.
The announcement of a new CEO often leads to uncertainty among investors, which can result in a short-term drop in the company's share price. In this case, Alcoa Corp's share price fell by 5.43% following the announcement of William F. Oplinger as the new CEO.
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