US aluminium giant Alcoa names Tata on board
The US-based aluminium giant says in a statement that Tata has been appointed a director of the company to fill a vacancy on the board.india Updated: Feb 16, 2007 20:41 IST
Alcoa Inc, the world's largest aluminum maker, on Friday named Indian conglomerate Tata group Chairman Ratan Tata to its board of directors.
The US-based aluminium giant said in a statement that Tata has been appointed a director of the company to fill a vacancy on the board.
The appointment of Tata would expand Alcoa's board strength to 11 members, the company said.
Alcoa Chairman and CEO Alain Belda said, "Ratan's global business acumen and his depth of knowledge about quality and customer satisfaction will make him a valuable addition to our Board of Directors."
Alcoa noted that under Tata's leadership, the group has grown globally primarily through acquisitions, the most recent being Tata Steel's acquisition of UK-based Corus to become the world's fifth largest steelmaker.
Tata is also a director of multinational auto giant Fiat SpA, besides serving on the international advisory boards of Mitsubishi Corporation, the American International Group (AIG) and JP Morgan Chase.
He is a member of the Asia-Pacific Advisory Committee to the New York Stock Exchange and and is a member of the Global Business Council on HIV/AIDS and the program board of the Bill & Melinda Gates Foundation's India AIDS initiative.
Tata is also chairing the Government of India's Investment Commission, and a member of several business, industry and trade organisations.