CHICAGO Alcoa Inc. has promoted Aquilino Paolucci to president of its operations in Latin America and the Caribbean.
The Pittsburgh-based aluminum producer said March 6 that Paolucci also has been named president of global primary products for Latin America and the Caribbean.
Paolucci assumed his new role March 1 after previously working as vice president of business development and regional affairs for Latin America, Alcoa said. He replaced Franklin Feder, who plans to retire Aug. 1 after 23 years with the company.
"Paolucci brings wide-ranging experience helping to grow multinational companies in Brazil, which makes him ideally qualified to lead Alcoa in Latin America," Alcoa chairman and chief executive officer Klaus Kleinfeld said in a statement.
Paoluccis tasks include boosting sales of value-add products in the region while cutting costs in alumina, aluminum and energy, Kleinfeld said.
Paolucci, who joined Alcoa in 2004, has 28 years experience in finance. He also worked to introduce the former Chicago-based American National Can Co., now part of London-based can maker Rexam Plc, to the Brazilian market, Alcoa said.