Steel Mills
New Chief and Deputy CFOs at Severstal NA
Written by Sandy Williams
September 17, 2013
Severstal North America announced the appointment of Olga Petrova as new Chief Financial Officer. Petrova will succeed Interim CFO Michael Tuomey who has been appointed Deputy Chief Financial Officer.
Petrova held the position of Head of Business the Planning and Controlling at parent company OAO Severstal since 2011. Her background includes high-level financial positions at Shell Exploration and Production, Schlumberger and PepsiCo.
“I am confident that Olga will be an invaluable asset to our organization as we move forward to position our company as a high-performing, customer-oriented steel supplier of choice,” said Saikat Dey, CEO, Severstal North America.
Tuomey has been with Severstal and its predecessor companies for 28 years, most recently holding the position of Director of Corporate Accounting and Controlling and Interim CFO.
“Mike’s dedication, broad business experience in the industry and overall knowledge of SNA’s financial systems will be instrumental in helping the company be more responsive to customer and employee needs,” commented Dey.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!
AISI: Domestic steel production ticks up
US raw steel production ticked up in the week ending on Sept. 6 after a decrease the week before, according to the most recent data from the American Iron and Steel Institute (AISI).
Domestic mill shipments slip in July: AISI
US steel shipments decreased month over month in July, but were up from last year, according to the latest figures from the American Iron and Steel Institute (AISI).
Nippon and USS drop litigation vs. USW and Cliffs
Another chapter of the Great U.S. Steel Buyout of the 2020s melodrama has closed, with all involved parties terminating the litigation disputes between them.
Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.