Steel Mills

Siegal Names Marabito Olympic Steel CEO

October 1, 2018

Olympic Steel’s Michael Siegal will step down from his role as Chief Executive Officer at the end of the year and transition to Executive Chairman of the Board. Richard Marabito, currently Chief Financial Officer, will assume the role of CEO effect Jan. 1, 2019.

Siegal has served as Olympic CEO since 1984. “It has been a privilege leading Olympic Steel through its transformation from a single-location steel distributor to one of the largest metals service centers in the United States,” he said.

“After a comprehensive succession planning process, the board unanimously selected Mr. Marabito to assume the position of CEO,” Siegal continued. “Rick joined the company as our Treasurer and Corporate Controller in 1994 and has served as CFO for the past 18 years, ensuring this will be a seamless transition. He is undeniably the right person to lead Olympic Steel to new heights.”

Olympic Treasurer Richard A. Manson will succeed Marabito as CFO. Lisa K. Christen will serve as Treasurer, as well as retaining her current role as Corporate Controller. Both changes will be effective Jan. 1, 2019.