HAMILTON, ON, Jan. 27, 2020 /CNW/ - Stelco Holdings Inc.
("Stelco" or the "Company") (TSX: STLC) today announced that
Alan Kestenbaum, will return as the
Company's Chief Executive Officer, effective February 21, 2020, at which point David Cheney will be stepping down and returning
to Bedrock Industries.
Mr. Kestenbaum previously served as Stelco's Chief Executive
Officer from the closing of Stelco's Initial Public Offering to
February 2019 and is currently acting
as Stelco's Executive Chairman. Mr. Kestenbaum noted "I am
excited to be returning soon to the CEO role to continue leading
the Company through its next phase of growth".
Mr. Kestenbaum noted that David
Cheney "has been a valued member of the leadership team that
culminated in the successful restructuring of Stelco Inc. and the
initial public offering of the Company and its many achievements to
date". "The Board of Directors join me in thanking David for his
contributions and leadership and we wish him well in his return to
his previous role at Bedrock."
About Stelco
Stelco is a low cost, integrated and independent steelmaker with
one of the newest and most technologically advanced integrated
steelmaking facilities in North
America. Stelco produces flat-rolled value-added steels,
including premium-quality coated, cold-rolled and hot-rolled steel
products. With first-rate gauge, crown, and shape control, as well
as reliable uniformity of mechanical properties, our steel products
are supplied to customers in the construction, automotive and
energy industries across Canada
and the United States as well as
to a variety of steel services centres, which are regional
distributers of steel products.
SOURCE Stelco