Product
Executive Changes for Gerdau North America Division
Written by Sandy Williams
January 23, 2018
Gerdau is making changes in its North American leadership. Peter Campo, president of the North American long steel division, will leave the company effective Jan. 23. Gerdau CEO Gustavo Werneck will lead operations until a new leader for the division is selected.
“The recent change in our business portfolio in North America demanded a shift in leadership to sharpen the focus on profitability and, at the same time, seek innovative ways to better serve our customers,” said Werneck. “We are committed to improve our performance in North America, where Gerdau is one of the largest long steel producers, and to build a successful path for our future.”
“Peter Campo has been a valuable member of our company for the last nine years, and played an important role in our transformation,” said Werneck. “On behalf of the company and our employees, I thank Peter for his significant contributions and wish him the best in his future endeavors.”
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Gerdau announced earlier this month that it will sell its rebar operations in the U.S. to Commercial Metals Co. The $600 million agreement includes the sale of mills in Jacksonville, Fla.; Knoxville, Tenn.; Rancho Cucamonga, Calif.; and Sayreville, N.J.; as well as rebar fabrication facilities in the United States. The mills have a combined capacity of approximately 2.5 million short tons. The sale is expected to close by the end of 2018.
Sandy Williams
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