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Alain J. P. Belda | |
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| Born | June 23, 1943 Meknes, Morocco |
Alain J. P. Belda is a Moroccan-Brazilian 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]
-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
While CEO of Alcoa in 2007, Alain J. P. 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] [6]
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" [7] 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.
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 a Pittsburgh-based 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 October 2023 the firm had over $82 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 the former chairman and chief executive officer (CEO) of Arconic. Kleinfeld is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG. Kleinfeld stepped down as chairman and CEO of Arconic on 17 April 2017. In October 2017, he was named director of Saudi Arabia's Neom initiative. It was announced in July 2018 that Kleinfeld would be promoted from director of Neom to advisor of Crown Prince Muhammad bin Salman on 1 August 2018, and that Nadhmi Al-Nasr would succeed him as director of Neom.
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 P. 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 has been the founder, chairman of the board and chief executive officer of various high-profile corporations, including BEA Systems and Cassatt Corporation, and has been a director at Symantec Corporation since 2003.
David A. Coulter is an American banker.
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.
John H. Myers is an American businessman.
Nikesh Arora is an Indian-American business executive. Arora was formerly a senior executive at Google. He was the president of SoftBank Group from October 2014 to June 2016. On June 1, 2018, Arora took on the role of CEO and chairman at Palo Alto Networks.
The electricity sector in Iceland is 99.98% reliant on renewable energy: hydro power, geothermal energy and wind energy.
Alfred J. Amoroso is an American board member and former chairman of Yahoo!. He led the special committee set up at Yahoo! to investigate the CEO misstated college degree. He was formerly president and CEO and a director of Rovi Corporation, later renamed TiVo upon the acquisition of TiVo by Rovi Corporation. Amoroso stepped down as CEO of Rovi in 2011 and was succeeded by Thomas Carson.
Friðrik Sophusson is an Icelandic politician and company director. He was the former director of Icelandic state-run energy firm Landsvirkjun.
Zeinal Abedin Mohamed Bava, was chief executive officer of Oi until October 7, 2014, when he resigned.
Cyren Inc. was a cloud-based Internet security technology company that provided security services and threat intelligence 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 currently serves as Co-Head of Warburg Pincus International LLC's European operations, and also serves as Chairman of the Board of Directors of Airbus SE since 16 April 2020. He was previously CEO of Deutsche Telekom AG.
Kewsong Lee is a Korean-American businessman who is the former chief executive officer (CEO) of private equity firm The Carlyle Group.
John Vogelstein is an American businessman who, with Lionel Pincus, established the "venture capital megafund" in the 1960s, while running the private equity firm Warburg Pincus. He joined Pincus and the firm from Lazard Freres in 1967. Pincus was the founder and chairman while Vogelstein was vice chairman and then president. During his time at Warburg Pincus, the company became the financial industry’s first $100 million fund in 1981, and the first $1 billion fund in 1986. He and Pincus went on to raise billions of dollars to invest in companies across diversified industries. He ran the company with Pincus until 2002, when they both stepped down.
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