Russel Metals Announces Appointment of Roger D. Paiva to the Board of Directors

Rhea-AI Summary

Russel Metals Inc. (TSX: RUS) has appointed Roger D. Paiva to its Board of Directors as of October 1, 2020. Paiva, who holds a BSc. in mechanical engineering, brings nearly 40 years of experience in steel manufacturing from his tenure at Gerdau Steel Company. His expertise in strategy, operations, and safety is expected to enhance the board's effectiveness. Jim Dinning, Chair of the Board, highlighted that Paiva's extensive knowledge will benefit both shareholders and stakeholders, strengthening the company's governance.

Positive

• Appointment of Roger D. Paiva strengthens board expertise in the steel industry.
• Paiva's extensive experience may lead to improved strategic decisions.

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• None.

TORONTO, Oct. 1, 2020 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces the appointment of Roger D. Paiva to the Company's Board of Directors.

Mr. Paiva holds a BSc. in mechanical engineering and is a seasoned steel manufacturing executive who has led strategy, operations and safety performance for plant facilities in North and South America during his nearly 40-year career with Gerdau Steel Company.

Russel's Board Chair Jim Dinning commented, "We welcome Roger Paiva to the Company. Roger brings extensive steel business experience to Russel's board.  His depth of knowledge in our business will further strengthen our deliberations, benefiting shareholders and stakeholders alike. We're delighted Roger has agreed to join our company and we look forward to his contributions."

About Russel Metals
Russel Metals is one of the largest metals distribution companies in North America.  It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors.  Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.  Its energy products operations carry a specialized product line focused on the needs of energy industry customers.  Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.

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SOURCE Russel Metals Inc.

FAQ

What is the significance of Roger D. Paiva's appointment to Russel Metals' board?

Roger D. Paiva's appointment is significant as he brings nearly 40 years of steel manufacturing experience, expected to enhance the board's strategic direction and operational performance.

When was Roger D. Paiva appointed to the Russel Metals board?

Roger D. Paiva was appointed to the Russel Metals board on October 1, 2020.

How might Roger D. Paiva's experience affect Russel Metals?

Paiva's extensive experience in steel manufacturing could provide valuable insights, potentially leading to improved governance and operational efficiencies at Russel Metals.

Who commented on Roger D. Paiva's appointment to the board?

Jim Dinning, the Chair of the Board, commented on Paiva's appointment, expressing optimism about the contributions he will make to the company.