Steel Mills
New Chief Investment Officer at U.S. Steel
Written by Sandy Williams
August 6, 2019
U.S. Steel has appointed Bryan Lewis as its new chief investment officer. Lewis has served as CIO for the Pennsylvania State Employees’ Retirement System (SERS) since 2016, managing a $30 billion pension fund. Prior to his Pennsylvania position, he was the executive director of the $20 billion Illinois State Universities Retirement System.
As CIO for U.S. Steel, Lewis will be responsible for the company’s global pension obligations for defined contribution and defined benefit plans, as well as other related programs. He will report to Kevin Bradley, executive vice president and chief financial officer.
“Bryan’s strong public pension experience and investment background make him an excellent fit for this role,” said U.S. Steel President and CEO David Burritt. “He brings sound judgment, sharp intelligence and the highest integrity to the job.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
USS swings to loss in first quarter on N. American flat-rolled segment woes
U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”
Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.
Algoma swings to loss on ‘market challenges’ and ‘tariff uncertainties’
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.
Ternium raises budget for Mexico project
The steelmaker now expects the new steel slab mill in Pesquería will begin operations by Q4’26.
SSAB announces $74M expansion in Alabama
The project will expand heat treat capacity at its Axis, Alabama plant