Steel Mills
Essar Algoma Seeking Top Execs
Written by Sandy Williams
October 13, 2013
Essar Algoma is looking for a few good men (or women) to fill three of its top positions: CEO, CFO, and Chief – Sales and Marketing.
The position of chief executive officer is currently held by Kalyan Ghosh who stepped in as Interim CEO following Jim Hrusovsky’s resignation in November 2012 after sixteen months in office. Ghosh left the position of chief commercial officer to assume leadership of Essar Algoma leaving the CMO position vacant. A position similar to that of CMO, chief – sales and marketing, has been posted said Brenda Stenta, manager, corporate communications.
Chief Financial Officer Rakesh Kapur was seconded last year to Essar Steel’s U.S. operations and Essar Algoma is now seeking his replacement. (Note: secondment is a temporary transfer that frequently becomes permanent.)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.