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US Steel Enhances Operating Model to Support the Next Phase of Strategy and Transformation Execution

Steel News - Published on Wed, 09 Oct 2019

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United States Steel Corporation announced that it is implementing an enhanced operating model and organizational structure to accelerate the company’s strategic transformation and better serve its customers, to be effective Jan. 1, 2020. These initiatives reduce costs and more closely align US Steel’s corporate structure with the company’s previously announced strategic investments in leading technology and advanced manufacturing, including the recently announced purchase of a minority interest in Big River Steel, the newest and most advanced flat-rolled mini mill in North America, with a clear path to consolidation.

The realignment of US Steel’s leadership team around more nimble and efficient executive functions, notably to sharpen focus on operational and commercial excellence and promote technological innovation, will enable the company to establish a more competitive cost structure with enhanced capabilities to serve priority customers in strategic markets. Additionally, this enhanced operating model will create a new, differentiated U. S. Steel with a team that is charged with leading the execution of the strategy and increasing profitability. It also will further unlock the value of U. S. Steel’s announced investments in Big River Steel and at Mon Valley Works and Gary Works to drive profitable growth, deliver capital and operational cash improvements, and position U. S. Steel to continue to be an industry leader in delivering high-quality, value-added products.

Separately, and unrelated to the enhanced operating model, US Steel also announced that Sara A. Greenstein, Senior Vice President of Consumer Solutions, has resigned effective Oct. 11, 2019, to assume the role of chief executive officer of a publicly traded company. Joe Smous, General Manager, Construction and Converters, has been appointed interim Head of Consumer Solutions, effective Oct. 11, 2019, and will report directly to Burritt. Also, effective Oct. 11, program management of the construction of the endless casting and rolling line at Mon Valley Works, as well as corporate communications, will also report directly to the CEO.

In a separate press release issued, the company announced that Christine (Christie) S. Breves, currently Senior Vice President, Manufacturing Support and Chief Supply Chain Officer, has been appointed Chief Financial Officer of US Steel, effective Nov. 4, 2019. Kevin P. Bradley, current Executive Vice President & Chief Financial Officer of US Steel, is resigning and will remain with the company as Executive Vice President and Adviser to the CEO to provide transitional support through the end of 2019. Breves will retain her current responsibilities through the end of the year, most of which will be realigned with the new organizational model effective Jan. 1, as described below.

The following individuals will remain members of the US Steel Senior Vice President Executive Team, effective January 1, 2020, all reporting directly to Burritt:

Scott Buckiso, currently Senior Vice President, Automotive Solutions, has been named Chief Manufacturing Officer North American Flat-rolled (NAFR) segment. Scott will lead all NAFR production facility activities with a focus on safety, quality, delivery, and cost for customers and stockholders. Scott continues to be responsible for implementing US Steel’s advanced high strength steel coating line at the PRO-TEC joint venture and will assume responsibility for the execution of the remaining strategic projects that will create a world-class hot strip mill at the company’s Gary Works facility. Scott will also assume leadership for the company’s logistics services organization; Transtar, US. Steel’s short-line railroad subsidiary; sales and operations planning (S&OP); engineering; and corporate quality.

Doug Matthews, currently Senior Vice President, Industrial, Service Center, Mining Solutions and Tubular, has been named Chief Commercial & Technology Officer. Doug will lead all NAFR commercial activities and integrate all innovation, research, development, and information technology in North America with a focus on customer satisfaction, new business, market share growth, new technology and digitization acceleration. In addition, he will continue to provide leadership to the Tubular and Mining businesses, including the world-class EAF under construction in Alabama.

Jim Bruno, Senior Vice President, European Solutions and President, US Steel Košice, will continue to lead all aspects of European commercial and operating activities, including the world-class electrical steel Dynamo line currently under construction at USSK, as President of U. S. Steel Europe.

Christie Breves, currently Senior Vice President, Manufacturing Support and Chief Supply Chain Officer, will assume the role and responsibilities of Chief Financial Officer, effective Nov. 4. Following the Jan. 1 reorganization, Breves will retain responsibility for procurement and cash management, along with the responsibilities of the principal financial officer function.

Rich Fruehauf, currently Senior Vice President, Strategic Planning and Corporate Development, has been named Chief Strategy and Development Officer. Rich will continue to lead Strategy, Government Affairs, Environmental Affairs and Sustainability to ensure delivery of identified synergies through a leaner footprint with more sustainable development focus.

Duane Holloway will continue to lead all aspects of the General Counsel function, including ethics and compliance, during this period of rapid change as General Counsel, Chief Ethics & Compliance Officer and Corporate Secretary.

Barry Melnkovic will continue to lead all aspects of talent management, as well as labor relations and payroll, to ensure the company attracts and invests in the best talent to serve customers while rewarding employees as Chief Human Resources Officer.

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Posted By : Ratan Singh on Wed, 09 Oct 2019
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