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U. S. Steel Elects Haggerty, Schultz to New Financial Positions


United States Steel Corporation (NYSE: X) announced today the elections by the Board of Directors of Gretchen R. Haggerty to senior vice president & treasurer and Larry G. Schultz to vice president & controller. Both executive financial positions report directly to John P. Surma, vice chairman and CFO of U. S. Steel.

Gretchen R. Haggerty, 46, is a native of Pittsburgh. She earned a bachelor of science degree in accounting from Case Western Reserve University in Cleveland and a law degree from Duquesne University in Pittsburgh.

After joining the corporation's tax division in 1976, Haggerty held posts there and in the audit division and financial department. In 1985, she was appointed director-plant and general accounting for the former USS Chemicals Division. The next year she returned to the tax division as a general tax attorney and was named director-taxes, energy in 1987.

Haggerty was named assistant treasurer-corporate finance in 1988, was appointed assistant comptroller-corporate accounting in 1989, was elected vice president & treasurer of USX Corporation in 1991 and named vice president- accounting and finance for U. S. Steel in 1998. With the January 1, 2002, start-up of United States Steel Corporation, she was named senior vice president & controller. In addition, she is a director of the United States Steel and Carnegie Pension Fund.

Haggerty is a member of the Allegheny County Bar Association and is a Certified Public Accountant (inactive). She is a member of the administration and finance committee of the United Way of Allegheny County and serves on the boards of Highmark Inc. and the Civic Light Opera.

Larry G. Schultz, 52, is a native of Barto, Pa. He received a bachelor's degree in mathematics from Ursinus College, Collegeville, Pa., in 1971; a master's degree in operations research and statistics from Rensselaer Polytechnic Institute, 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 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 before being named director-corporate financial analysis in 1986. He was appointed comptroller of USX Engineers and Consultants, Inc. in 1987. He moved to Washington, D.C., in 1988 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 was named comptroller of U. S. Steel in 1992 and was named vice president of accounting for USX Corporation in 2000. With the January 1, 2002, start-up of United States Steel Corporation, Schultz was appointed vice president-investor relations & financial analysis. He also is a director of the United States Steel and Carnegie Pension Fund.

Schultz serves on the board of Junior Achievement of Southwest Pennsylvania.


SOURCE: United States Steel Corporation

CONTACT: Mike Dixon, +1-412-433-6860 or John Armstrong, +1-412-433-6792,
both of United States Steel

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