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Alain J. P. Belda | |
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| Born | June 23, 1943 Meknes, Morocco |
| Occupation | Businessman |
Alain J. P. Belda is a Spanish-Brazilian-American businessman who has been a managing director of Warburg Pincus since 2009. [1] Previously, he was the chairman of the board of Alcoa from January 2001; he was chief executive officer from January 2001 until May 2008. [2]
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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. [3]
On October 6, 2005, in the paper EXAME in São Paulo, Brazil, 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's state-run energy firm Landsvirkjun: "...the agreed price — 30 dollars per megawatt-hour — was far from ideal. In Iceland, the company pays half that." [4] When this news reached Icelandic media, on June 7, 2006, the reaction was negative from environmentalists opposed to the already controversial Kárahnjúkar Hydropower Plant, and others, as Icelandic citizens and other firms pay eight times that. [5]
Friðrik Sophusson, the director of Landsvirkjun, said the quoted price was ridiculous, the real price being somewhat higher. A New York spokesperson for Alcoa said Belda had been "inaccurate" [6] in the interview.
An Icelandic social-democratic member of parliament, Helgi Hjörvar, who is on the board of Landsvirkjun, 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 Landsvirkjun for the slip-up, Salomão's article was removed from Alcoa's website.[ citation needed ]
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Citigroup Inc. and E. I. du Pont de Nemours and Company and International Business Machines. Mr. Belda serves on the board of trustees of The Conference Board, the world's leading business membership and research organization, and is a member of the board of trustees of the Brown University Corporation.
Alcoa Corporation 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 aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.
Kárahnjúkar Hydropower Plant, officially called Fljótsdalur Power Station is a hydroelectric power plant in Fljótsdalshérað municipality in eastern Iceland, designed to produce 4,600 gigawatt-hours (17,000 TJ) annually for Alcoa's Fjarðaál aluminum smelter 75 kilometres (47 mi) to the east in Reyðarfjörður. With the installed capacity of 690 megawatts (930,000 hp), the plant is the largest power plant in Iceland. The project, named after the nearby Kárahnjúkar mountains, involves damming the rivers Jökulsá á Dal and Jökulsá í Fljótsdal with five dams, creating three reservoirs. Water from the reservoirs is diverted through 73 kilometres (45 mi) of underground water tunnels and down a 420-metre (1,380 ft) vertical penstock towards a single underground power station. The smelter became fully operational in 2008 and the hydropower project was completed in 2009.
Henry Schacht is an American businessman, a former chairman and chief executive officer of Cummins Diesel (1973–1994), and later CEO of Lucent Technologies.
Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the firm had over $90 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.
Klaus-Christian Kleinfeld is a German businessman. He worked as the CEO of businesses including Siemens AG, Alcoa Inc, and Arconic.
The Manitowoc Company, Inc. is an American manufacturer which produces cranes and previously produced commercial refrigeration and marine equipment. It was founded in 1902 and, through its wholly owned subsidiaries, designs, manufactures, markets, and supports mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names.
Ray R. Irani is the former chairman and chief executive officer of Occidental Petroleum. He has worked at Occidental Petroleum for over 20 years, serving as a director since 1984, chief operating officer (president) from 1984 to 1990, and chairman and chief executive officer from 1990. During his early years, he worked with Occidental CEO Armand Hammer, who at age 91, named Irani his successor in February 1990. According to Forbes.com, his five-year total compensation between 2001 and 2005 was $127,447,000. In 2006, after a rise in oil prices, Irani earned a total of $460 million.
John Peter Surma is an American businessman. He was the executive chairman of the board of United States Steel Corporation. Surma retired as CEO of U.S. Steel effective September 1, 2013, and Chairman effective January 1, 2014, positions he held since 2004.
William T. Coleman III was an American businessman who served as the CEO of Veritas Technologies. He was also a partner at Alsop Louie Partners. He was the founder, chairman of the board and chief executive officer of various high-profile corporations, including BEA Systems and Cassatt Corporation, and had been a director at Symantec Corporation since 2003.
David A. Coulter is an American banker.
Michael G. Morris is a former president, chief executive officer, and chairman of Columbus, Ohio-based American Electric Power, one of the USA's largest generators of electricity, from 2004 to November 2011, and continued as AEP's chairman until 2013. As of November 2015, he remains a member of the Board of Directors of Alcoa.
Lionel I. Pincus was an American businessman and philanthropist. He was the founder of the private equity firm Warburg Pincus, running it from 1966 to 2002, and later became the chairman emeritus of the company.
Nikesh Arora is an Indian-American business executive. He has been the chairman and chief executive officer of the American cybersecurity company Palo Alto Networks since June 2018. Arora was formerly a senior executive at Google and president of SoftBank Group from October 2014 to June 2016. According to the Bloomberg Billionaires Index, his net worth was estimated at $1.5 billion in early 2024.
Walter James "Jim" McNerney Jr. is a business executive who was President and CEO of The Boeing Company from June 2005 to July 2015. McNerney was also Chairman from June 2005 until March 1, 2016. McNerney oversaw development of the Boeing 737 MAX.
Friðrik Sophusson is an Icelandic politician and company director. He was the former director of Icelandic state-run energy firm Landsvirkjun.
Cyren Inc. was a cloud-based Internet security technology company that provided security services and threat intelligence services to businesses. It offered a range of services including web security, DNS security, anti-spam solutions, phishing detection, ransomware protection, URL filtering, malware detection, and botnet attack prevention. Cyren also provided endpoint protection for mobile devices and Internet of Things (IoT) gateways. Major clients included Microsoft, Google, Check Point, Dell, T-Mobile, and Intel. The company announced its closure in February 2023.
René Obermann is a German businessman who is chairman of Warburg Pincus International LLC's European operations, and chairman of Airbus SE since April 2020. He was previously CEO of Deutsche Telekom AG.
Andrew Thomas Higginson is a British business executive. As of 2017, he was the Chairman of Morrisons, Non-Executive Director of Woolworths in South Africa, Chairman of N Brown Group and Chairman of ITC Luxury Travel Group, and Chairman of corporate finance firm Clearwater International.
Kewsong Lee is a Korean-American businessman who is the former chief executive officer (CEO) of private equity firm The Carlyle Group.
John L. Vogelstein is an American business executive and financier. With Lionel Pincus, he co-founded the specialized financial services firm that became Warburg Pincus, and was its president and vice chairman from the late 1960s to 2002.
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