Steel Mills
Algoma Names Garcia CEO, McQuade to Retire
Written by David Schollaert
April 18, 2022
Michael McQuade, Algoma Steel’s chief executive officer, will retire on June 1. Michael Garcia has been named to succeed him.
McQuade will continue to serve on the company’s board of directors, where Garcia will also join concurrent with his appointment as CEO, the company said.
“Mike McQuade has provided exemplary leadership through this transition period, taking Algoma from restructuring to a publicly listed company,” said Andy Harshaw, chairman of the board. “He has set Algoma on secure footing as the company advances its sustainability agenda and embarks on its transformation to electric arc steelmaking.”
“On behalf of the entire Algoma team, I thank him for his dedicated service and welcome the continued benefit of his insights as he stays on as a director,” he added.
Garcia’s career spans senior executive roles in numerous companies including Alcoa Inc., Gerdau Ameristeel Inc., Evraz Inc./Evraz Highveld Steel & Vanadium Co., to name a few. His industrial business success, as well as his experience as a public company CEO and a board member, will help lead the organization through its growth, the Sault Ste. Marie, Ontario-based steelmaker said.
Garcia holds a bachelor’s degree in computer science from the United States Military Academy and an MBA from Harvard University.
“I am excited to announce Michael Garcia will be joining Algoma as chief executive officer. He comes at the optimal time as we execute our transformation strategy,” Harshaw said. “His deep industry expertise and world-class experience will amplify Algoma’s value proposition and we look to him to drive long-term value for all of our stakeholders as we usher in a new era in steel.”
By David Schollaert, David@SteelMarketUpdte.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.
TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.
Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.
ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.
AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]