9 result(s) displayed (1 - 9 of 9):

PE firm buys Alcoa unit as noncore sale continues (from Corporate Dealmaker)

Aluminum maker Alcoa Inc. (NYSE:AA) announced 13,500 job cuts and other restructuring measures in January. As part of a noncore sale of four business units, the Pittsburgh/New York company sold its 17,500-employee wire harness and electrical distribution business to Platinum Equity LLC for an undisclosed amount. The wire harness...

Posted on May 1, 2009 8:09 AM

Journal: Alcoa chief says may sell stake (from Corporate Dealmaker)

In January, Aluminum giant Alcoa Inc. (NYSE:AA) announced 13,500 job cuts and other restructuring measures in hopes of saving about $450 million annually before taxes as it reported its first quarterly loss in six years. On Tuesday, CEO Klaus Kleinfeld told The Wall Street Journal he wouldn't rule out any...

Posted on March 11, 2009 9:52 AM

Alcoa shakes up its senior deal team (from Corporate Dealmaker)

Aluminum giant Alcoa Inc. has shuffled its deal team. Kurt Waldo, who as deputy general counsel oversaw legal M&A and divestiture work, has been promoted to vice president and general counsel. Jake Siewert (pictured), meanwhile, has been named vice president of business development and public strategy, and will oversee M&A.Like...

Posted on September 25, 2008 11:30 AM

More strategics bulking up with banking talent (from Corporate Dealmaker)

Are strategics benefiting from Wall Street's pains? We ask because for the second time in two days we've seen a former banker land a dealmaking job at a strategic. The latest is Kevin Drumm, who has joined RSC Equipment Rental Inc. as senior vice president of strategic development, a newly...

Posted on July 29, 2008 12:12 PM

CSC names corporate development chief (from Corporate Dealmaker)

IT service provider Computer Sciences Corp. made Randy Phillips its vice president of corporate development, reporting to chairman, president and CEO Michael Laphen. Phillips will be tasked with the usual corp dev requirements: Sourcing, negotiating and closing acquisitions, divestitures and related transactions.Phillips joined CSC in December after serving as president...

Posted on May 22, 2008 2:47 PM

Movers & shakers: More on Alcoa's new dealmaker (from Corporate Dealmaker)

In May, CD brought you news of executive changes atop Alcoa Inc., the world's third-largest producer of aluminum. Former Siemens AG chief executive Klaus Kleinfeld was named president and CEO of Alcoa. And joining the CD community just before that was ex-Citigroup Inc. banker and Skadden, Arps, Slate, Meagher...

Posted on May 21, 2008 11:33 AM

Alcoa, more senior management changes (from Corporate Dealmaker)

Former Siemens AG chief executive Klaus Kleinfeld has been elected president and chief executive of aluminum titan Alcoa, replacing Alain Belda, who will remain chairman of the board. Though never personally implicated in the bribery scandal that rocked Siemens, Kleinfeld was forced to resign last year as chief executive of...

Posted on May 8, 2008 3:13 PM

Citigroup's Schell joins Alcoa (from Corporate Dealmaker)

Citigroup Inc.'s vice chairman of global banking is leaving the firm to become the lead dealmaker for Alcoa Inc,, a company being slammed by high energy costs. Mike Schell has been appointed executive vice president, business development and law, for Alcoa and will be responsible for the company's mergers and...

Posted on May 1, 2008 3:08 PM

Divestitures are paying off for Alcoa (from Corporate Dealmaker)

Some welcome good news for Alcoa Inc., which has been under pressure to restructure in the wake of its failed attempt to take over a rival. The world's third-largest aluminum producer reported net income for the fourth-quarter 2007 of $632 million, up 76%. The results include the restructuring adjustment and benefit...

Posted on January 10, 2008 10:40 AM