Steel Mills

Algoma Names McQuade as New CEO

Written by Sandy Williams

Algoma Steel announced today the appointment of Michael McQuade as Chief Executive Officer. McQuade will succeed Kaylan Ghosh who served as CEO prior to and during the restructuring of Algoma.

“Mike has the skills and experience to lead Algoma in the next stage of its evolution as a leading Canadian steel company and globally competitive producer,” stated Andy Harshaw, chairman of Algoma. “Mike and the other members of Algoma’s leadership team will build on the company’s financial and operational strengths and oversee the company’s CDN $300 million facility modernization program. This program will expand the company’s capacity and grade capability and position Algoma to meet the growing demand for advanced grades of steel.”

Prior to joining Algoma as director in 2018, McQuade held a variety of roles during a 35-year tenure at Stelco, culminating in appointment as chief financial officer in 2010 and president in 2014.

Ghosh is resigning his position at Algoma to pursue other opportunities. Ghosh remarked, “I am proud of all that we have accomplished in Algoma’s turnaround and excited about its future, but I believe the time is right for me to move on to the next phase of my professional life. I have full confidence in the leadership team and their ability to execute the company’s business plan and create lasting value.”

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