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U. S. Steel Vice President-Worldwide Marketing Richard M. Efkeman to Retire


PITTSBURGH, Aug. 7 /PRNewswire-FirstCall/ -- United States Steel Corporation (NYSE: X) Chairman and Chief Executive Officer John P. Surma today announced that Vice President-Worldwide Marketing Richard M. Efkeman has elected to retire effective Aug. 31, 2009, after 38 years of service with the company. A successor for Efkeman's areas of responsibility will be named at a later date.

"Rick has dedicated most of his 38-year career to working closely with our customers, helping them with current needs through our commercial groups and determining what their future needs will be as a member - and ultimately vice president - of our marketing organization," said Surma. "His commitment to ensuring that steel was, is and will continue to be the material of choice in the markets we serve has aided our company's efforts to remain on the leading edge of steel product usage and trends."

Efkeman, 60, joined U. S. Steel in 1971 as a service correspondent in the company's Baltimore sales office. He progressed through a series of positions in the commercial organization before advancing in 1983 to manager in the marketing department, where he spent the next eight years overseeing marketing activities across a range of products including bar, rod, wire and tin. In 1991, he was named director-mill marketing and business planning for sheet products and was responsible for production scheduling activities at the company's flat-rolled product facilities. He advanced to director-industry marketing for sheet products in 1993 and oversaw pricing activities and marketing strategies for flat-rolled products.

In 1996, Efkeman was promoted to general manager of tin mill products and was responsible for the product's sales and marketing activities. Three years later, he was named director-raw materials planning, procurement, distribution and sales, which involved managing the planning, procurement and distribution of coal, coke and taconite pellets as well as sales of coke and taconite pellets produced at U. S. Steel facilities. He advanced to general manager-marketing in 2003 and managed pricing, marketing strategies, trade issues and commercial market research for the company's North American flat-rolled products. He was elected to his most recent position in March 2008 and was responsible for all marketing activities across the company, including pricing, market research and strategies, and trade issues.

Efkeman served on the board of directors of the American Iron and Steel Institute's (AISI) Steel Market Development Institute and was chairman of AISI's Automotive Applications Council.

Efkeman graduated from Indiana University of Pennsylvania in 1971 with a bachelor's degree in mathematics. He earned a master's degree in business administration from Loyola College in Baltimore in 1974.

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SOURCE United States Steel Corporation

SOURCE: United States Steel Corporation

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