Alcoa Facing ‘Hard Decisions’ on Aluminum Plants
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Bob Wilt’s first job at Alcoa Inc. was in 1999 at a plant in the Tennessee town named after the company. In 2012, as head of the aluminum producer’s U.S. smelters, he oversaw the plant’s demolition.
As the new president of Alcoa’s global primary products business, the Gulf War veteran will now likely need to cut more production capacity after competition from China and a 15 percent slump in aluminum prices made the New York-based company the worst-performing stock in the Dow Jones Industrial Average this year.