Alain J. P. Belda

Alain J. P. Belda

Alain J. P. Belda

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Description:
Alain J. P. Belda has been a Managing Director of Warburg Pincus since 2009. Previously he was the Chairman of the Board of Alcoa from January 2001; he was Chief Executive Officer from January 2001 until May 2008.

Business experience

  • President and Chief Executive Officer of Alcoa from May 1999 to January 2001
  • President and Chief Operating Officer of Alcoa from 1997 to May 1999
  • He served as Alcoa's Vice Chairman from 1995 to 1997
  • Executive Vice President from 1994 to 1995;
  • From 1979 to 1994, he was President of Alcoa Aluminio S.A. in Brazil, Alcoa's Brazilian affiliate


Compensation

While CEO of Alcoa in 2007, Alain J. P. Belda earned a total compensation of $25,646,420, which included a base salary of $1,457,500, a cash bonus of $3,000,000, stocks granted of $6,978,791, and options granted of $13,558,026.

Controversies

On October 6, 2005, in the paper EXAME in São Paulo, Brazil, there appeared an article by journalist Alexa Salomão, where Belda was quoted as saying Alcoa was paying Brazilians twice as much for energy for the corporation's Brazilian aluminum smelters, as it was paying Iceland's state-run energy firm Landsvirkjun: "...the agreed price — 30 dollars per megawatt-hour — was far from ideal. In Iceland, the company pays half that." () When this news reached Icelandic media, on June 7, 2006 (, ), the reaction was negative from environmentalists opposed to the...
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