AK Steel Announces Executive Retirement
WEST CHESTER, Ohio, July 16, 2013
WEST CHESTER, Ohio, July 16, 2013 /PRNewswire/ --AK Steel (NYSE: AKS) said
today that Albert E. Ferrara, Jr. has announced his retirement from the
company, effective August 31, 2013. For more than a decade, Mr. Ferrara has
served AK Steel with distinction, principally as Senior Vice President and
Chief Financial Officer and, most recently, as Senior Vice President of
Corporate Strategy and Investor Relations.
James L. Wainscott, Chairman, President and CEO of AK Steel commented, "Al has
been an integral part of AK Steel's senior management team which engineered
the company's turnaround in years past and, more recently, he has focused on
strategy and investor activities. On behalf of AK Steel's Board of Directors,
our Executive Officers and all of us at the company, we wish Al a long and
Mr. Ferrara has served the steel industry for more than 40 years, and joined
AK Steel in June 2003. He had previously been recognized by Institutional
Investor Magazine as one of America's best CFO's. Prior to his AK Steel
career, he held a number of executive-level positions with NS Group, USX
Corporation and United States Steel Corporation.
In addition, Mr. Ferrara is a member of the Advisory Board of FM Global, and
he previously served as a member of the Advisory Board of the University of
Virginia's McIntire School of Commerce. He is a past Board Member of the
Upper St. Clair (Pennsylvania) School District, the Regional Industrial
Development Corporation, Pittsburgh, Pennsylvania, and the Metropolitan
Development Board, Birmingham, Alabama. He has also served as a member of the
Board of Directors and Executive Committee of the United Way of Greater
Cincinnati, Middletown Area.
Mr. Ferrara attended the University of Virginia on a football scholarship. He
holds a Bachelor of Science degree in Finance, with Distinction, and a Juris
Doctor, both from UVA. He has been licensed to practice law since 1973.
Following Mr. Ferrara's retirement, the company's Investor Relations
activities will be managed by Roger Newport, AK Steel's Vice President and
Chief Financial Officer (513) 425-5270, with assistance from Doug
Mitterholzer, AK Steel's Assistant Treasurer (513) 425-5215.
AK Steel produces flat-rolled carbon, stainless and electrical steels,
primarily for automotive, infrastructure and manufacturing, construction and
electrical power generation and distribution markets. The company employs
about 6,100 men and women in Middletown, Mansfield, Coshocton and Zanesville,
Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its
corporate headquarters in West Chester, Ohio. Additional information about AK
Steel is available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and
women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces
carbon and stainless electric resistance welded (ERW) tubular steel products
for truck, automotive and other markets. Additional information about AK Tube
LLC is available on its web site at www.aktube.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, controls
and is developing metallurgical coal reserves in Somerset County,
Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture
headquartered in Grand Rapids, Minnesota, which produces iron ore concentrate
from previously mined ore reserves.
SOURCE AK Steel
Contact: Media, Michael P. Wallner, General Manager, Communications and PR
(513) 425-2688; or Investors, Albert E. Ferrara, Jr., Senior Vice President,
Corporate Strategy and Investor Relations (513) 425-2888
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