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
Nucor lowers 2024 output estimate for Brandenburg plate mill
Nucor has lowered the 2024 production estimate for its Brandenburg, Ky., plate mill due to soft market conditions.
SSAB adjusts output in weak Q3, readies for Q4 rebound
SSAB said lower plate prices in the US were the primary reason for reduced results in the second quarter. With a dismal Q3 outlook, the Swedish steelmaker is adjusting production across its facilities. That includes moving up its annual US mill outage in anticipation of a better Q4. SSAB Americas Revenues in the Americas segment […]
Topalian puts focus on “unfair” trade, eyes USMCA partners
Nucor’s top executive expressed concerns over unfair trade practices, highlighting increased steel imports from Mexico and Canada.
Cliffs sees close of Stelco buy, bottom to steel tags, and Mexico out of USMCA
Cleveland-Cliffs expects its acquisition of Canada’s Stelco to close later this year, which will help the the Cleveland-based steelmaker as a bottom to steel tags nears.
Nucor posts lower Q2 earnings, predicts tough Q3 too
Nucor recording lower second quarter earnings on falling steel prices. And the Charlotte, N.C.-based predicted that profits would be lower still in the third quarter, primarily because of weaker results from its steel mills divisions.