Steel Mills

AK Steel Promotions and Organizational Changes
Written by Sandy Williams
May 30, 2015
The Board of Directors at AK Steel has approved the following executive promotions and organizational changes, effective May 29, 2015.
Roger K. Newport has been promoted to Executive Vice President, Finance and Chief Financial Officer. Mr. Newport was previously Senior Vice President, Finance and Chief Financial Officer. He will continue to be responsible for accounting, treasury, financial planning and analysis, strategy, internal auditing, risk management and investor relations, as well as maintaining oversight responsibility for the company’s AK Tube LLC subsidiary. In addition, he has responsibility for purchasing (excluding raw materials and energy), as well as information technology.
Kirk W. Reich has been promoted to Executive Vice President, Manufacturing. Mr. Reich was previously Senior Vice President, Manufacturing. Reich will be responsible for the company’s manufacturing operations in addition to the company’s safety and quality programs, engineering, raw materials and energy procurement, transportation, outside processing and manufacturing planning. Also, he has oversight responsibility for the company’s subsidiary, AK Coal Resources, Inc., as well as for the company’s interest in Magnetation LLC.
Keith J. Howell has been promoted to Senior Vice President, Operations. Mr. Howell was previously Vice President, Operations. Howell will oversee operations and maintenance of all of AK Steel’s manufacturing plants.
Joseph C. Alter has been named Vice President, General Counsel and Corporate Secretary. He previously was Vice President, General Counsel and Chief Compliance Officer. Mr. Alter will continue to run the Legal Department and is responsible for all legal matters at the company, excluding Labor and Litigation, and he adds responsibility as Corporate Secretary. His legal oversight responsibility includes commercial, securities, antitrust, intellectual property, mergers and acquisitions, and corporate matters. He continues to serve as Counsel to the CEO and to the Board of Directors, and as the company’s Chief Compliance Officer. He also has responsibility for environmental affairs.
“The executive promotions and organization changes announced today recognize the distinguished leadership performances and the outstanding contributions that these talented executives are making to our company,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “The strong leadership that each one provides as a member of our company’s executive team is helping to position AK Steel for future success.”
(Source: AK Steel)

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

SDI earnings slip in Q2 as trade volatility hits customer orders
SDI profits slipped in second quarter amid trade policy volatility.

Cliffs puts ‘for sale’ signs up after another big quarterly loss
Cleveland-Cliffs lost more than $400 million for the third consecutive quarter but predicted results would improve in the second half of the year. And shares of the Cleveland-based steelmaker surged after company executives said during its Q2 earnings call on Monday that they could make billions by courting foreign investors or selling assets.

Algoma sees narrower Q2 loss but feels tariff sting
Algoma Steel expects a narrower sequential loss in the second quarter, but the company continues to be impacted by the US tariff situation.

Nippon plans to double steel output at USS operations: Report
Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.

Algoma fires up EAF steelmaking with first arc
Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.