U. S. Steel Restructures Top Management
Management Changes Reflect Commitment to Cost Reduction and Successful Integration of Acquired National Steel Assets
Thomas J. Usher, chairman and chief executive officer of United States Steel Corporation (NYSE: X), announced today a major restructuring of the senior management of the corporation effective June 1. This reorganization, coupled with several recently announced retirements, is part of the company's plan to streamline executive management and accomplish the dual goals of successfully integrating the National Steel assets into U. S. Steel and continuing the company's strategic growth initiatives, both domestically and internationally.
"U. S. Steel made a commitment to our shareholders, the United Steelworkers of America and President Bush to reduce costs and become more globally competitive," said Usher. "This reorganization of senior management is one more step in the process and will set the stage for the further reorganization of management and non-represented workers."
In the new organization, John P. Surma, Jr., who was elected president of U. S. Steel in February, has been named president and chief operating officer in keeping with his responsibility for the day-to-day operation of the company. Surma, who is also a member of the board of directors, will continue to report to Usher.
Roy G. Dorrance, formerly vice chairman and chief operating officer, will remain as vice chairman, reporting to Usher. He will work directly with the chairman on domestic and international initiatives. Dorrance is a member of the board of directors.
John H. Goodish has been named executive vice president-operations. Goodish served as president of U. S. Steel Kosice (USSK), the company's steelmaking operation in the Slovak Republic, before returning to the United States in February as executive vice president-international and diversified businesses. In his new position, Goodish will report to Surma and oversee the company's domestic and international operations.
Reporting to Goodish are J. Paul Kadlic, who has been named executive vice president-commercial with responsibility for North American sales and marketing; David H. Lohr, who has been named vice president-plant operations with responsibility for the company's domestic steel and raw material operating facilities; James D. Garraux, who has been named vice president- labor relations and purchasing with responsibility for the company's domestic represented workforce and the purchasing function; Leonard H. Chuderewicz, who has been named vice president-diversified businesses including responsibility for USS Real Estate and Transtar, Inc.; and Christopher J. Navetta, who will continue as president-USSK and will oversee activities in Serbia.
Thomas W. Sterling, formerly president-Transtar, Inc., has been named senior vice president-human resources. In his new position, Sterling will be responsible for human resources for non-represented employees. His immediate charge will be to oversee the administrative cost reduction process, currently under way. Sterling will report to Surma.
Gretchen R. Haggerty will continue as executive vice president, treasurer and chief financial officer, and will continue to report to Surma.
Dan D. Sandman will continue as vice chairman and chief legal and administrative officer, reporting to Surma. Sandman will have responsibility for law, environmental affairs, governmental relations, public affairs and executive compensation. Reporting to Sandman are Terrence D. Straub, senior vice president-public policy and governmental affairs, and Stephan K. Todd, who has been named vice president-law and environmental affairs. Sandman is a member of the board of directors.
John J. Connelly, vice president-strategic planning and business development and John J. Quaid, manager-investor relations, will continue to report to Usher.
For more information about U. S. Steel visit our web site at www.ussteel.com.
SOURCE: United States Steel Corporation
CONTACT: John Armstrong or Mike Dixon, both of U. S. Steel,
Web site: http://www.ussteel.com/
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