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.
The “sad truth” of banking is that many jobs will be automated in the future, Deutsche Bank's chief executive said yesterday. Despite this, a recent survey found that 98% of European workers are optimistic about the changes automation will bring to their workplace.
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
From music festivals to motor racing, events and festivals are an integral part of the move to a cashless society, reports SIX Payment Services.
The US Federal Deposit Insurance Corporation is suing nine European banks for allegedly contributing to the collapse of 39 US banks that had a collective value of more than $440bn (€375.6bn).