U. S. Steel Names Abel Director-Audit
United States Steel Corporation (NYSE: X) announced today that Karlos E. "Gus" Abel has been named director-audit effective June 1. Abel succeeds Fred Cohen, who will retire at the end of May after almost 39 years of loyal and effective service.
In his new position, Abel, 54, will report to Gretchen Haggerty, chief financial officer, and to the Audit and Finance Committee of the U. S. Steel board of directors, which has endorsed his appointment.
"Gus is an individual of integrity with proven leadership skills, and extensive accounting and finance experience," said Haggerty. "His background and abilities will prove invaluable in his new position."
Abel worked as a financial analyst and manager of business planning in the airline industry prior to joining Marathon Oil Corporation as a financial analyst in 1977. He held increasingly responsible accounting and management positions with Marathon, and was named director-corporate staff at USX Corporation, then the parent company of Marathon and U. S. Steel, in 1996. Abel became assistant treasurer of USX in 2000 and later that year was appointed to his most recent position, senior vice president and chief financial officer of U. S. Steel Kosice (USSK) in Slovakia.
Abel graduated from Grove City College with a bachelor's degree in accounting and earned a master's degree in finance and accounting from Northwestern University.
Karl F. Csensich, currently vice president-accounting at USSK, will succeed Abel as senior vice president and chief financial officer of USSK. Csensich began his career with U. S. Steel in 1984 in accounting at the former Geneva-Pittsburg Works near Salt Lake City, Utah. He was promoted through a number of financial positions in the Pittsburgh area and was named comptroller of USX Engineers and Consultants, now UEC Technologies LLC, at headquarters in 1999. He served in that capacity until December 2000, when he was named vice president of accounting for USSK, a position he held until his recent promotion.
Replacing Csensich as vice president of accounting at USSK is James F. Connor. Connor began his career with U. S. Steel as a staff assistant in commercial analysis at headquarters in 1981. He progressed through a series of increasingly responsible accounting positions at headquarters and Gary Works in Indiana. In 1999, he was named controller of Fairfield Works in Alabama, a position he has held until his recent assignment at USSK.
SOURCE: United States Steel Corporation
CONTACT: John Armstrong or Mike Dixon, +1-412-433-6870, both of United
Web site: http://www.ussteel.com/
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