Alcoa has elected Paris Watts-Stanfield vice president (VP), internal audit and an officer of the company. In this role, she is accountable for the aluminium producer’s worldwide audit activities in the finance, IT, environment, and health and safety areas. Most recently she was director of internal audit at Alcoa, responsible for leading the company’s global financial business process and IT audit groups.
Prior to joining Alcoa in 2012, Watts-Stanfield served in senior management roles with Wal-Mart, first as VP, international internal auditing and later as VP, operations finance, overseeing the group’s central business unit in the US. Earlier, she worked 17 years for Procter & Gamble (P&G), rotating through a series of finance and accounting roles with increasing responsibility. She was finance director (FD) for P&G’s Internal Audit group in Asia, chief financial officer (CFO) for its hair care business in Japan and South Korea, and CFO for the household cleaning products business in North America.
She succeeds Julie Caponi who will become assistant treasurer, involved across all corporate treasury functions including treasury operations, corporate finance, bank relationship management, risk management and transaction execution. In addition, Caponi will continue as location manager for Alcoa’s Pittsburgh office.
Caponi served as VP, internal audit since 2005 and was assistant controller prior to taking this assignment. Previously, she was an audit partner in Deloitte’s Pittsburgh office. She is a member of the First Commonwealth Financial Corporation board of directors, and sits on the audit and executive compensation committees.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.