U. S. Steel Announces Executive Appointments in Accounting and Finance Organizations

PITTSBURGH, May 28 /PRNewswire-FirstCall/ -- United States Steel Corporation (NYSE: X) Executive Vice President and Chief Financial Officer Gretchen R. Haggerty today announced two executive appointments in the company's accounting and finance organizations. Larry G. Schultz has been named senior vice president & controller. He will continue to report to Haggerty. Gregory A. Zovko has been appointed vice president-accounting. He will report to Schultz. The changes are effective June 1.

"Our company's growth in recent years in the United States, Canada, Slovakia and Serbia and other major corporate initiatives have created some significant challenges and opportunities for U. S. Steel's accounting and finance organizations," said Haggerty. "Larry and Greg have both made important contributions to the corporation's success during these times of tremendous change, and I am pleased to recognize them with these appointments."

Schultz, 58, joined U. S. Steel in 1973 as an industrial engineer at Pittsburgh headquarters and held a series of accounting and planning posts there and at nearby Mon Valley Works facilities before being named director-corporate financial analysis in 1986. He was appointed comptroller of USX Engineers and Consultants, Inc. in 1987.

In 1988, Schultz moved to Washington, D.C., to serve on the President's Commission on Executive Exchange and returned to U. S. Steel in 1989 as director-analysis and general accounting. He advanced to comptroller of U. S. Steel in 1992 and was appointed vice president-accounting for USX Corporation in 2000.

In January 2002, Schultz was named vice president-investor relations & financial analysis, and in May 2002, he assumed his current position, vice president & controller.

A native of Barto, Pa., Schultz received a bachelor's degree in mathematics from Ursinus College in Collegeville, Pa., in 1971, a master's degree in operations research and statistics from Rensselaer Polytechnic Institute in Troy, N.Y., in 1973, and a master's degree in business administration from the University of Pittsburgh in 1979. He is a member of the Institute of Management Accountants.

Schultz will remain based at U. S. Steel's corporate headquarters in Pittsburgh.

In his new role, Zovko, 47, will oversee accounting functions for all of U. S. Steel's business units, including North American flat-rolled and tubular as well as European operations, and will also direct financial analysis activities. Zovko joined the company in 1983 as a management associate in the accounting and finance department at its Mon Valley Works near Pittsburgh. During the next 14 years, he progressed through a series of increasingly responsible positions in corporate audit and accounting before being named controller for Mon Valley Works' Clairton Plant in 1997.

Zovko moved back to headquarters in 1998 to serve as manager-financial analysis, and one year later, he was named controller for the entire Mon Valley Works. In 2002, he returned to headquarters when he advanced to assistant controller-operations accounting & financial analysis. He has served as controller-flat-rolled products & assistant corporate controller since November 2007.

Zovko, a native of Pittsburgh, earned a bachelor's degree in accounting from The Pennsylvania State University in 1983, a master's degree in business administration from the University of Pittsburgh in 1988, and a master's degree in tax administration from Duquesne University in 1998. He is also a Certified Public Accountant.

Zovko will continue to work from U. S. Steel's corporate headquarters.

For more information about U. S. Steel, visit http://www.ussteel.com/.

SOURCE: United States Steel Corporation

CONTACT: John Armstrong, +1-412-433-6792, or Erin DiPietro,
+1-412-433-6845, both of United States Steel Corporation

Web site: http://www.ussteel.com/

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