On September 20, 2022, the Board of Directors (the “Board”) of Alcoa Corporation (the “Company”), based on the recommendation of the Governance and Nominating Committee of the Board, accepted the resignation of James E. Nevels as a director of the Board, effective as of such date. Mr. Nevels offered to resign in accordance with the Company's Corporate Governance Guidelines as a result of a substantial change in his principal occupation. Mr. Nevels' offer to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

In connection with its acceptance of Mr. Nevels' resignation and effective on September 20, 2022, the Board approved a reduction in the size of the Board from ten to nine members.