Michael Morris - Alcoa Corp Non-Executive Independent Chairman of the Board

AA Stock  USD 45.56  0.89  1.92%   

Chairman

Mr. Michael G. Morris serves as NonExecutive Chairman of the Board of the Company. Mr. Morris was Chairman of American Electric Power Company Inc. one of the nations largest utility generators and owner of the largest electricity transmission system in the United States from 2004 through 2013. He served as Chief Executive Officer of AEP and all of its major subsidiaries from 2004 until his retirement in November 2011 and as President from 2004 to 2011. From 1997 to 2003 Mr. Morris was Chairman President and Chief Executive Officer of Northeast Utilities. Prior to that he held positions of increasing responsibility in energy and natural gas businesses. In addition to his public company board memberships Mr. Morris serves on the U.S. Department of Energys Electricity Advisory Board the National Governors Association Task Force on Electricity Infrastructure the Institute of Nuclear Power Operations and the Business Roundtable . Mr. Morris was Chairman of AEP from 2004 to 2013. From 1997 to 2003 Mr. Morris was Chairman of Northeast Utilities. Mr. Morris was previously chairman of the Edison Electric Institute. since 2021.
Age 73
Tenure 3 years
Address 201 Isabella Street, Pittsburgh, PA, United States, 15212-5858
Phone412 315 2900
Webhttps://www.alcoa.com
Morris was Chairman of American Electric Power Company, Inc., one of the nation’s largest utility generators and owner of the largest electricity transmission system in the United States, from 2004 through 2013. He served as Chief Executive officer of AEP and all of its major subsidiaries from 2004 until his retirement in November 2011 and as President from 2004 to 2011. From 1997 to 2003, Mr. Morris was Chairman, President and Chief Executive Officer of Northeast Utilities. Prior to that, he held positions of increasing responsibility in energy and natural gas businesses.

Alcoa Corp Management Efficiency

The company has Return on Asset (ROA) of 0.0186 % which means that for every $100 of assets, it generated a profit of $0.0186. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.0714) %, which implies that it produced no returns to current stockholders. Alcoa Corp's management efficiency ratios could be used to measure how well Alcoa Corp manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.04. The current year's Return On Capital Employed is expected to grow to -0.02. At present, Alcoa Corp's Net Tangible Assets are projected to decrease significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 46.1 M, whereas Total Assets are forecasted to decline to about 12.7 B.
Alcoa Corp reports 1.92 B of total liabilities with total debt to equity ratio (D/E) of 0.26, which may suggest the company is not taking enough advantage from financial leverage. Alcoa Corp has a current ratio of 1.77, which is generally considered normal. Note however, debt could still be an excellent tool for Alcoa to invest in growth at high rates of return.

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Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. Alcoa Corp operates under Aluminum classification in the United States and is traded on New York Stock Exchange. It employs 12200 people. Alcoa Corp (AA) is traded on New York Stock Exchange in USA. It is located in 201 Isabella Street, Pittsburgh, PA, United States, 15212-5858 and employs 13,600 people. Alcoa Corp is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Alcoa Corp Leadership Team

Elected by the shareholders, the Alcoa Corp's board of directors comprises two types of representatives: Alcoa Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alcoa. The board's role is to monitor Alcoa Corp's management team and ensure that shareholders' interests are well served. Alcoa Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alcoa Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thomas Gorman, Independent Director
marissa Earnest, Senior Vice President Chief Governance Counsel, Secretary
Matthew Reed, Executive COO
Renato Bacchi, Executive Vice President Chief Strategy Officer
Carol Roberts, Independent Director
James Hughes, Independent Director
Kathryn Fuller, Independent Director
Louis CPA, Senior Markets
Mary Citrino, Independent Director
Benjamin Kahrs, Executive Vice President Chief Innovation Officer
James Nevels, Independent Director
Pasquale Fiore, Independent Director
Tammi Jones, Chief Human Resource Officer, Executive Vice President
Roy Harvey, Executive Vice President Human Resources and Environment, Health, Safety and Sustainability
Steven Williams, Non-Executive Independent Chairman of the Board
Catherine Garfinkel, Compliance Ethics
Andrew Hastings, Executive Counsel
Louis Langlois, Senior Treasurer
John Slaven, Chief Operating Officer, Executive Vice President
Nicol Gagstetter, Executive Officer
Timothy Flynn, Independent Director
Suzanne Sitherwood, Independent Director
Timothy Reyes, Executive Vice President and Chief Commercial Officer
James Dwyer, Vice Relations
Sonya Harden, Executive Vice President Chief External Affairs Officer
Jeffrey Heeter, Executive Vice President General Counsel, Secretary
Heather Hudak, Senior Tax
Andrew Estel, Senior Strategy
Michael Morris, Non-Executive Independent Chairman of the Board
Yolande Doctor, Director Relations
William Oplinger, CFO, Executive VP and Member of Executive Council
Ernesto Leon, Independent Director
Renee Henry, Controller VP
Renato CFA, Executive Officer
Kelly Thomas, Executive Vice President Chief Commercial Officer
Molly Beerman, Executive CFO

Alcoa Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Alcoa Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.81
Dividend Share
0.4
Earnings Share
(1.56)
Revenue Per Share
57.238
Quarterly Revenue Growth
0.116
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alcoa Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.