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Kaiser Aluminum Announces New Strategic Roles For Key Executives

FOOTHILL RANCH, Calif., June 4, 2014 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) today announced the promotions of Peter S. Bunin to Executive Vice President – Strategy and Keith A. Harvey to Executive Vice President – Fabricated Products.

Mr. Bunin, who previously served as Senior Vice President‒Operations, in his new role will focus on identifying and developing new initiatives and innovations to achieve breakthroughs in conversion cost, quality, capacity and capability. Along with the Company's Senior Vice President‒Corporate Development, he will also play a central role in identifying, evaluating and implementing value creating acquisition initiatives.

Mr. Harvey, who previously served as Senior Vice President‒Sales and Marketing for Aerospace and General Engineering, in his new role will have full responsibility for the sales, marketing, manufacturing and advanced engineering functions of the Company's Fabricated Products business. His focus will be on leadership and execution to fully realize the considerable potential for continued growth in Fabricated Products.

"Over the past decade Pete and Keith have been instrumental in the transformation and growth of our Company to a position of industry leadership," said Jack A. Hockema, President, CEO and Chairman. "We have executed on a solid and consistent strategy in our chosen end markets. We have built a platform of world-class facilities and have made significant capital investments to expand capacity, enhance product quality and further strengthen our manufacturing efficiency. Both of these executives will play a vital role leading Kaiser Aluminum into the future. I am excited to work with Pete and Keith in their new roles as we continue to realize the full potential of our existing platform and establish the strategic path forward for longer term profitability and continued success for Kaiser Aluminum," concluded Mr. Hockema.

Company Description

Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications. The Company's North American facilities produce value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of the culture since the Company was founded in 1946. The Company's stock is included in the Russell 2000® index and the S&P Small Cap 600® index.

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