Steel Mills
Stelco CFO Joins ATI
Written by Sandy Williams
December 18, 2019
Stelco Holdings announced that Chief Financial Officer Don Newman will resign effective Jan. 5, 2020. Roy Collins, Vice-President, Internal Audit, will assume the role of interim CFO.
Newman has accepted a position as Senior Vice President, Finance, and Chief Financial Officer at Allegheny Technologies, Inc., effective Jan. 6. Newman will succeed Pat DeCourcy who will remain as Senior Vice President and Special Advisor to the CEO until his retirement date of March 31, 2020.
Newman will lead ATI’s finance function, providing executive oversight for audit, controllership, financial planning and analysis, investor relations, procurement, risk management and tax, reporting directly to Robert S. Wetherbee, President and Chief Executive Officer. Newman will serve as a member of ATI’s Executive Council.
Newman stated, “ATI is a strong company with tremendous positions in key, growing markets. I’m excited to join a leadership team that is positioning the company for success today and to lead the financial organization as we prepare for the future.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Trump approves Nippon-U.S. Steel deal, USW cries foul
President Trump has approved the sale of U.S. Steel to Nippon Steel, according to an executive order signed on Friday, June 13. Both the Pittsburgh-based steelmaker and the Japanese steelmaker cheered the development.
Nippon exec responds after Trump ‘golden share’ comments: Report
A Nippon executive has hit back regarding the deal for USS following President Trump's talk of a "golden share" on Thursday.
Trump says US government to control 51% share in USS
President Trump says the US government will hold a 51% stake in U.S. Steel after the Nippon deal.
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
USS, Nippon Steel quiet as litigation deadline approaches
There has been little word from U.S. Steel, Nippon Steel, or the White House since President Trump endorsed the companies’ “partnership” on social media and celebrated it at the May 30 rally outside Pittsburgh.