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U. S. Steel Names Michael J. Hatcher Vice President-Procurement, Raw Materials & Real Estate


PITTSBURGH, Feb. 24 /PRNewswire-FirstCall/ -- United States Steel Corporation announced today that Michael J. Hatcher has been appointed vice president-procurement, raw materials & real estate effective April 1. Hatcher will succeed Christopher J. Navetta, whose retirement was recently announced by the company.

In his new position, Hatcher, 51, will oversee procurement, raw materials purchasing and real estate activities and continue to be based at the company's corporate headquarters in Pittsburgh. He will report to Executive Vice President and Chief Operating Officer John H. Goodish.

"With a strong background in finance and accounting and recent experience in strategic planning and business development, Mike will bring a unique perspective to these functions, which play an important role in our company's success," said Goodish.

Hatcher joined Marathon Oil Company in Findlay, Ohio, in 1980 as a financial analyst. He became an auditor in 1982, the year that U. S. Steel acquired Marathon Oil Company.

In 1985, Hatcher was promoted to senior financial representative at U. S. Steel's headquarters in Pittsburgh. He was named manager of treasury operations in 1989, treasurer of USX Realty Development group in 1990, and director of corporate financial analysis in 1994. He returned to the Findlay office in 1996 when he was elected treasurer of Marathon Oil Company.

In 1998, Hatcher returned to Pittsburgh headquarters when he assumed the position of assistant treasurer-corporate finance. In January 2002, he was named assistant controller-corporate accounting, and in June 2002, was named to his most recent position, general manager-business development.

Hatcher, a native of Richmond, Ind., earned his bachelor's and master's degrees in finance from Indiana University in Bloomington, Ind., in 1979 and 1980, respectively. He serves as a director of the United States Steel and Carnegie Pension Fund and is a member of its Investment Committee. He is a member of the USS-POSCO Industries Management Committee and the United Spiral Pipe LLC Owners' Committee. He also is a member of the North Allegheny (Pa.) School District Financial and Support Services Advisory Committee. Hatcher was a member of the board of directors for the Girl Scouts' Trillium Council for six years and served a term as the organization's treasurer.

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SOURCE: United States Steel Corporation

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