Steel Mills

Change of CEO at Stelco

Written by Sandy Williams

Canadian steel producer Stelco will return Alan Kestenbaum to the position of chief executive officer, effective Feb. 21. Current CEO David Cheney will step down and return to his previous role at Bedrock Industries.

Kestenbaum served as Stelco’s CEO from the closing of the company’s initial public offering in November 2017 until February 2019 and is currently acting as Stelco’s executive chairman.

“I am excited to be returning soon to the CEO role to continue leading the company through its next phase of growth;” said Kestenbaum.

Stelco entered creditor protection in 2004 and was sold to U.S. Steel in 2007. The company re-entered creditor protection in 2014 and was sold to Bedrock Industries L.P. in late 2016. The company produces flat-rolled value-added steels, including premium-quality coated, cold-rolled and hot-rolled steel products.

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