Alcoa Corporation announced a restructuring of its Executive Leadership Team to further improve the Company's rigorous focus on operational excellence, cost, and innovation. The changes, effective February 1, 2023, William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Molly Beerman, currently Senior Vice President and Controller, has been appointed EVP and Chief Financial Officer.

She will also be the executive member to oversee Alcoa's Information Technology and Automation Solutions team. William F. Oplinger has served as Alcoa Corporation's Chief Financial Officer since November 2016, when the Company completed a legal and structural separation from Alcoa Inc. (the Separation). Oplinger has demonstrated expertise in finance and has prior operational experience, including previously serving as the Chief Operating Officer for Alcoa Inc.'s Global Primary Products division, which includes assets now controlled by Alcoa Corporation.

Prior to his role with Alcoa Corporation, he served three years as Executive Vice President and Chief Financial Officer of Alcoa's former parent company, which he joined in 2000. Mr. Oplinger has a bachelor's degree in Industrial Engineering and Operations Research from Virginia Tech and a Master of Science in Industrial Administration from Carnegie Mellon University. Molly S. Beerman served as the Company's Vice President and Controller from December 2016 through October 2019, when she was promoted to Senior Vice President and Controller.

She served as Director, Global Shared Services Strategy and Solutions from November to December 2016. In 2016, she held a consulting role with Alcoa Inc., assisting in the plans for the Separation in November 2016. From 2012 to 2015, Beerman served as Vice President, Finance and Administration for a non-profit organization focused on community issues.

Prior to that, she worked for 11 years for Alcoa Inc. in a variety of roles in the finance function and was the director of global procurement center of excellence from 2008 to 2012. Earlier in her career, she served in financial management positions at Carnegie Mellon University, PNC Bank, and Deloitte. Beerman obtained a bachelor's degree in Business Administration, Accounting from Duquesne University in Pittsburgh.

She is a Certified Public Accountant, Commonwealth of Pennsylvania.