Lightweight metals leader Alcoa (NYSE:AA) today announced that Karl Tragl will become President of the Company’s Transportation and Construction Solutions Group. He succeeds José Drummond, who resigned from Alcoa to become CEO of a Brazilian company. Tragl’s appointment is effective on February 15, 2016.
Tragl joins Alcoa from Bosch Rexroth AG, Bosch’s $6 billion automation solutions company, where he has held the role of chief executive officer since 2010. While there, he grew revenues significantly across a customer base that spans most of Alcoa’s major markets, including construction and commercial transportation. Highly respected by customers for his expertise in the application of industrial Internet solutions, his insights are expected to help shape the expansion of Alcoa’s digitization, 3-D printing and other additive manufacturing innovations.
“Karl Tragl is the ideal executive to lead our Transportation and Construction Solutions businesses as they pursue a wide variety of growth opportunities worldwide,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “Having led a highly successful global automation technology business that served the construction and commercial transportation industries, Karl will build on Alcoa’s strong innovation edge to drive profitable growth into new international markets. He also brings knowledge and experience that will be invaluable to Alcoa’s current initiatives to tap the tremendous potential of additive manufacturing and digitization for our businesses and our customers.”
Prior to his six years as CEO, Karl served in a progression of challenging roles at Bosch Rexroth. Earlier he was Partner of Siemens Management Consulting. Tragl began his career as an engineer at the German Aerospace Research Center, graduating with a PhD in Electrical Engineering at Kaiserslautern University. He also has attended executive programs at the Business Schools of both Duke and Carnegie Mellon Universities.
A global leader in lightweight metals technology, engineering and manufacturing, Alcoa innovates multi-material solutions that advance our world. Our technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products. We enable smart buildings, sustainable food and beverage packaging, high performance defense vehicles across air, land and sea, deeper oil and gas drilling and more efficient power generation. We pioneered the aluminum industry over 125 years ago, and today, our approximately 60,000 people in 30 countries deliver value-add products made of titanium, nickel and aluminum, and produce best-in-class bauxite, alumina and primary aluminum products. For more information, visit www.alcoa.com, follow @Alcoa on Twitter at www.twitter.com/Alcoa and follow us on Facebook at www.facebook.com/Alcoa.