Market Segment
August 27, 2013
Esmark Shuffles Management - Ohio Cold Rolling Restart Delayed
Written by Sandy Williams
Esmark Inc. announced management restructuring changes for Esmark Steel Group on Tuesday. Esmark Inc. Chairman and CEO James P. Bouchard will reassume the CEO duties of Esmark Steel Group formerly held by Thomas Modrowski. Esmark also advised Ohio Cold Rolling restart has been delayed.
The restructuring affects management positions in both Esmark Steel Group and the Ohio mill operations that include Ohio Cold Rolling Co. in Yorkville, Ohio. The management team changes are as follows:
Esmark Steel Group
Chairman & Chief Executive Officer – James P. Bouchard
Vice President & Chief Operating Officer – Brian Bergmann
Vice President of Finance – Daniel Martin
President of Esmark Steel Group – Michael Ogrizovich
Vice President of Commercial – Scott Sternheimer
Ohio mill operations
Chief Operating Officer – Thomas Modrowski
Chief Financial Officer – John Krupinski
General Manager of Commercial sales – Thomas Mihelcic
All Esmark Steel Group operations, as well as trucking and transportation logistics, will be based at Esmark’s new world headquarters in Sewickley, Pa.
Ohio Cold Rolling
The decision on whether to restart mill operations at Ohio Cold Rolling have been put on hold due to purchase inquiries and offers for the Yorkville assets. The former RG Steel cold-rolled finishing mill was acquired last August along with 50 percent interest in Ohio Coatings Company.
“We’ve received multiple inquiries about the mill assets and several offers from potential suitors, so the evaluation process must be completed before we make the decision to restart the mill, sell the assets or explore other strategic options,” said Bouchard.
