It is the eighth time the Mandurah resident has made the list.
Mr Cransberg manages the company's global alumina refining assets, based in Australia, Brazil, Spain, the US and Suriname.
He is also accountable for Alcoa's Global Refining Centre of Excellence in Kwinana and provides management support for all Australian operations.
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READ NOWIn the past year he has overseen the transformation of Alcoa's refining portfolio, delivering lower cost of production in Alcoa's global upstream business.
"Surround yourself with people who accept and navigate change well," Mr Cransberg said.
"Successful businesses are very aware of the global marketplace and are able to rapidly respond to the constantly changing needs of customers and supply dynamics."
Mr Cransberg (57) recently announced his retirement after a stellar 35-year career with Alcoa, which he began in 1980 as a civil engineer.
Mr Cransberg is chairman of the West Coast Eagles and is on the boards of the Black Swan State Theatre Company, the US Alcoa Foundation and Our Watch � aimed at preventing domestic violence. He is also a member of CEOs for Gender Equity.
He plans to stay actively involved in business, football and community activities.