Ryerson Announces Appointment of James Claussen as Executive Vice President & Chief Financial Officer

Rhea-AI Summary

Ryerson Holding Corporation (NYSE: RYI) has announced the appointment of James J. Claussen as the new executive vice president and chief financial officer (CFO), effective January 11, 2021. Claussen, who has been with Ryerson since 2002, previously served as president of Central Steel & Wire Co., acquired by Ryerson in 2018. He brings over 18 years of experience in financial and operational roles within the company. CEO Eddie Lehner expressed confidence in Claussen's qualifications as the company enters a new phase of transformation.

Positive

• James Claussen's extensive experience within Ryerson enhances leadership continuity.
• Claussen's successful track record in senior financial and operational roles supports strategic growth.

Negative

• Transition period may create uncertainty during the leadership change.

CHICAGO, Jan. 8, 2021 /PRNewswire/ -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today the appointment of James J. Claussen, 47, to the position of executive vice president & chief financial officer (CFO), effective January 11. Mr. Claussen currently serves as the president of Central Steel & Wire Co. (CS&W), which was acquired by Ryerson in 2018. Mr. Claussen will continue to serve as the president of CS&W until his successor is named. 

Eddie Lehner, Ryerson's President and Chief Executive Officer said, "I could not be more delighted for Ryerson's stakeholders that Jim will become Ryerson's next executive vice president and chief financial officer. Jim took the road less traveled by developing a track record of accomplishment in our company and industry spanning senior financial and operational leadership positions over more than 18 years that makes him uniquely qualified to excel in the role as we move into the next phase of our company's transformation."

Mr. Claussen joined Ryerson in 2002. Prior to becoming the President of Central Steel & Wire, Jim held several financial leadership positions in the company, including CFO of Ryerson's North-West Region and general manager of corporate development. Jim has a bachelor's degree in accounting from Minnesota State University, Mankato, and a master's degree in business administration from the University of Minnesota Carlson School of Management.

Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 3,900 employees in approximately 100 locations. Visit Ryerson at www.ryerson.com.

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SOURCE Ryerson Holding Corporation

FAQ

Who is the new CFO of Ryerson Holding Corporation?

James J. Claussen has been appointed as the new executive vice president and CFO of Ryerson Holding Corporation.

When does James Claussen start as CFO of Ryerson?

James Claussen will officially become CFO on January 11, 2021.

What prior role did James Claussen hold before becoming CFO?

Before his appointment as CFO, Claussen served as the president of Central Steel & Wire Co.

How long has James Claussen been with Ryerson?

James Claussen has been with Ryerson since 2002.

What qualifications does James Claussen have for the CFO position?

Claussen holds a bachelor's degree in accounting and a master's degree in business administration, along with over 18 years of relevant industry experience.