Aluminium Bh.s Regulatory News (ALBH)

Alba appoints new Chief Executive Officer

Aluminium Bahrain B.S.C. (Alba)'s Chairman of the Board of Directors, Mahmood Hashim Al Kooheji announces the decision of the Board to appoint Tim Murray as the new Chief Executive Officer effective October 1, 2012.

Prior to being promoted to the position of CEO Mr. Murray was working as Alba's Chief Finance and Supply Officer where he was responsible for all Finance, Supply Chain, IT and Operational Excellence functions.

Laurent Schmitt, who served Alba as Chief Executive Officer from January 2010 to end September 2012, will be working directly with Alba's Chairman Mr Al Kooheji in further developing the aluminium downstream industry in the Kingdom of Bahrain.

Commenting on the appointment of Alba's new CEO, the Chairman of Alba's Board of Directors, Mahmood Hashim Al Kooheji said:

"Tim Murray has been with Alba for many years and played a major role in enabling the Company to achieve its goals and, in particular, Alba's successful 2010 Initial Public Offering (IPO) where the company listed both on the Bahrain Bourse and the London Stock Exchange.

I would like also to express my utmost appreciation for Laurent Schmitt for his leadership in steering the Company's growth in the IPO listing, propelling Alba's global footprint as well as enabling the Company to maintain its focus on continuous improvement methodologies.

 I look forward to working with Laurent Schmitt in developing the aluminium downstream industry and I take the opportunity to wish Tim Murray the best of luck in his new role."

Tim Murray spent 10 years with ARC Automotive (Air Bag inflator manufacturer) where in his last role he was Vice President and Chief Financial Officer.

He holds a degree in Accounting from Susquehanna University (USA), an MBA from the Vanderbilt University (USA) and is a member of the American Institute of Certified Public Accountants (AICPA). He has also completed Executive Management courses at the Chicago Graduate School of Business and Wharton Business School.

ENDS

Note:

Alba has been consistently ranked as one of the largest aluminium smelters in the world, and is known for its technological strength, global competitiveness and innovative policies. Alba produces more than 860,000 metric tonnes per annum of aluminium which meet or exceed the industry standard for purity, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium. It has also maintained a strong track record of operational safety and environmental compliance.

Photo Caption:

Alba's new Chief Executive Officer, Tim Murray.

For further details, please contact Investor & Public Relations Manager, Eline Hilal

Tel: (973) 17 835100 (direct) 

Fax: (973) 17 833822

E-mail: eline.hilal@alba.com.bh

Date : September 27, 2012