Steel Mills
AK Steel CFO Jaime Vasquez to Retire
Written by Sandy Williams
November 6, 2019
AK Steel Chief Financial Officer Jaime Vasquez will retire from the company effective Nov. 30, 2019. Christopher Ross, current AK Steel Vice President and Treasurer, has been named interim CFO and Treasurer, effective Nov. 5.
“Jaime’s experience and financial focus have served the company well as we forged a new strategic path,” said CEO Roger Newport. “We wish him the best in the years ahead.”
Ross joined AK Steel in 1997 as a cost accountant at Middletown Works. Through the years he has progressed to numerous financial and strategic roles, including Cash Management since 2012 and Treasurer since 2016. He was named Vice President and Treasurer in January 2018.
“Chris’s financial acumen and vast experience in a number of financial and strategic roles within and outside the company is a real asset,” said Newport.
AK Steel also announced that Joseph C. Alter, Vice President, General Counsel, and Corporate Secretary, will take on responsibility for Purchasing, while Brian K. Bishop, Vice President Carbon Steel Operations, will assume responsibility for Information Technology.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.