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ALCAN PRESIDENT RESIGNS

Alcan Aluminum Ltd. president and chief executive officer Jacques Bougie has resigned. Bougie said in a release, "This is an appropriate time to move on." Alcan merged with Switzerland's Algroup last year. He said he plans to spend time with his family and return to activities he had previously put aside. Bill Blundell, a member of Alcan's board, will serve as interim president and CEO while a search of both internal and external replacement candidates is conducted. A new president and CEO is expected to be appointed within six months.

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