Steel Mills

Esmark Shuffles Management - Ohio Cold Rolling Restart Delayed

August 27, 2013

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.