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Noranda Announces Organizational Changes

Friday, Jul 26, 2013

Noranda Aluminum Holding Corporation today announced that Robert B. Mahoney will leave his employment with the Company once his employment contract expires on October 26, 2013. The Company and Mr. Mahoney have entered into a letter agreement to govern compensation matters, post-employment conditions and the terms for transitioning his role to a successor. "Bob has been a great asset to Noranda. We are grateful to Bob for being willing to serve out the remainder of his contract while we complete the process of selecting a successor. We thank Bob for his four years of service to Noranda and wish him great success in all his future endeavors," said William H. Brooks, Chairman of the Noranda board of directors. The Company is performing a search for a new Chief Financial Officer and expects to have Mr. Mahoney's successor in place by the time Mr. Mahoney's contract term expires in October.

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