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Turning blue states red!
Alcoa Corp. announced Wednesday afternoon that the company's North Shore office will soon serve as its global headquarters again, a decade after its predecessor Alcoa Inc. left for New York City.
The move restores Alcoa's global headquarters to a Pittsburgh office that has essentially been split in half after the original company spun out Alcoa in order to create the newly formed public company Arconic (NYSE: ARNC), which also operates out of the North Shore building. Arconic, which is headquartered in New York City, lost its CEO, former Alcoa Chairman and CEO Klaus Kleinfeld, in a corporate shakeup earlier this week.
While the company has always maintained a significant presence in the region, Alcoa's decision to bring its headquarters back to the city in which it was first launched re-establishes some bragging rights for Pittsburgh.
The company's 2016 revenue of more than $9.3 billion puts it among the Pittsburgh area's five largest public companies.
http://www.bizjournals.com/pittsbur...ND75CGUGcirFw05862683&t=1492655404&j=77982371
Alcoa Corp. announced Wednesday afternoon that the company's North Shore office will soon serve as its global headquarters again, a decade after its predecessor Alcoa Inc. left for New York City.
The move restores Alcoa's global headquarters to a Pittsburgh office that has essentially been split in half after the original company spun out Alcoa in order to create the newly formed public company Arconic (NYSE: ARNC), which also operates out of the North Shore building. Arconic, which is headquartered in New York City, lost its CEO, former Alcoa Chairman and CEO Klaus Kleinfeld, in a corporate shakeup earlier this week.
While the company has always maintained a significant presence in the region, Alcoa's decision to bring its headquarters back to the city in which it was first launched re-establishes some bragging rights for Pittsburgh.
The company's 2016 revenue of more than $9.3 billion puts it among the Pittsburgh area's five largest public companies.
http://www.bizjournals.com/pittsbur...ND75CGUGcirFw05862683&t=1492655404&j=77982371