Alain J. P. Belda is a Spanish-Brazilian-American businessman who has been a managing director of Warburg Pincus since 2009. Previously, he was the chairman of the board of

Alcoa Alcoa Corporation (an acronym for "Aluminum Company of America") is an American industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary alu ...

from January 2001; he was chief executive officer from January 2001 until May 2008.

Business experience

* Taiama Foundation * Conference Board * Foreign Affairs Council * Brown board of Trustees * International Advisory Board of Bank of America * International Advisory Board of Chubb * Board Member of Renault from 2009 to 2017 * Board member of IBM from 2009 to 2016 * Board Member of Citi Bank from 1997 to 2012 * Board Member Dupont from * Limited Special Partner of Warburg Pincus from 2018 * Managing Partner Warburg Pincus 2009 to 2018 * Non Executive chairman of the board of Alcoa from April 2009 to June 2010- * Executive chairman of the board of Alcoa from April 2008 to April 2009 * Chief executive officer and chairman of the board from January 2001 to April 2008 * 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 * 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, Belda earned a total compensation of $25,931,201, which included a base salary of $1,457,500, a cash bonus of $1,000,000, 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 São Paulo (; ; Portuguese for 'Paul the Apostle, Saint Paul') is the capital of the São Paulo (state), state of São Paulo, as well as the List of cities in Brazil by population, most populous city in Brazil, the List of largest cities in the ...

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

, 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 Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the regi ...

's state-run energy firm

Landsvirkjun Landsvirkjun, () the National Power Company of Iceland, is Iceland's largest electricity generator. Landsvirkjun operates 21 power plants in Iceland concentrated on five main areas of operation. History Landsvirkjun was founded on 1 July 196 ...

: "...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 already controversial

Kárahnjúkar Hydropower Plant Kárahnjúkar Hydropower Plant ( ), officially called Fljótsdalur Power Station ( ) is a hydroelectric power plant in Fljótsdalshérað municipality in eastern Iceland, designed to produce annually for Alcoa's Fjarðaál Aluminium smelting, alu ...

, and others, as Icelandic citizens and other firms pay eight times that. Friðrik Sophusson, the director of

, said the quoted price was ridiculous, the real price being somewhat higher. A New York spokesperson for Alcoa said Belda had been "inaccurate" in the interview. An Icelandic social-democratic member of parliament, Helgi Hjörvar, who is on the board of

, challenged authorities to reveal the real price and thus "clear the air" surrounding the project—the dam and the smelter. No answer was ever received. Representatives of Alcoa finally apologized to

for the slip-up, Salomão's article was removed from Alcoa's website.

Other directorships

Citigroup Inc. and E. I. du Pont de Nemours and Company and

International Business Machines International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American Multinational corporation, multinational technology company headquartered in Armonk, New York, and present in over 175 countries. It is ...

. Mr. Belda serves on the board of trustees of

The Conference Board The Conference Board, Inc. is a 501(c)(3) organization, 501(c)(3) non-profit business membership and research organization. It counts over 1,000 public and private corporations and other organizations as members, encompassing 60 countries. Th ...

, the world's leading business membership and research organization, and is a member of the board of trustees of the Brown University Corporation.

References

External links

*Alexa Salomão
Alcoa's only option
(copy) *News story
Conflicting reports on energy prices paid by Alcoa to Landsvirkjun
{{DEFAULTSORT:Belda, Alain 1943 births Living people Canadian people of Brazilian descent Canadian businesspeople Canadian people of French descent Canadian people of Moroccan-Jewish descent Canadian Sephardi Jews Moroccan emigrants to Canada Naturalized citizens of Canada Brazilian emigrants to Canada Brazilian Sephardi Jews Brazilian people of Moroccan-Jewish descent Alcoa people 20th-century Brazilian Jews 21st-century Canadian Jews Warburg Pincus people