The Chicago Entrepreneur

: Alcoa shifts CFO to COO, promotes controller, as two execs leave

Alcoa Corp. AA on Tuesday named controller Molly Beerman as its chief financial officer effective Feb. 1. The metals producer’s current CFO William F. Oplinger will become chief operations officer on the same date. John D. Slaven, current chief operations officer and Benjamin D. Kahrs, chief innovation officer, will leave the company. Renato Bacchi, who is chief strategy officer, will take on added responsibilities to be chief strategy and innovation officer. Alcoa stock is down about 19% in the past 12 months, compared to a loss of 16.7% by the S&P 500 SPX over the same time period.

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