Terry L. Dunlap Elected to U. S. Steel Board of Directors

Rhea-AI Summary

United States Steel Corporation (NYSE:X) has appointed Terry L. Dunlap to its Board of Directors. Dunlap, a principal at Sweetwater LLC, brings extensive experience, having served as Interim CEO and President of TimkenSteel Corporation and spent 31 years at Allegheny Technologies. He is currently on the boards of Matthews International and Ampco-Pittsburgh Corporation. U.S. Steel, founded in 1901, focuses on a sustainable future with innovative steel products, serving various industries with a raw steelmaking capacity of 22.4 million net tons.

Positive

• Appointment of Terry L. Dunlap brings extensive industry experience and leadership.
• Dunlap's background in manufacturing and technology may strengthen strategic initiatives.

Negative

• Concerns may emerge regarding the continuity and transition within the board.
• Dunlap's past interim role may raise questions about long-term strategic direction.

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that Terry L. Dunlap has been elected to the company’s Board of Directors.

Terry L. Dunlap (Photo: Business Wire)

Mr. Dunlap is principal of Sweetwater LLC, a consulting firm with a focus on manufacturing and technology. Previously, he served as Interim Chief Executive Officer and President of TimkenSteel Corporation from 2019 to 2021. Mr. Dunlap spent 31 years with Allegheny Technologies, where he served as Executive Vice President, Flat-Rolled Products from May 2011 until his retirement in December 2014; President, ATI Allegheny Ludlum from 2002 to 2014; and Group President, ATI Flat-Rolled Products from 2008 to 2011.

Mr. Dunlap is a member of the Board of Directors at Matthews International and Ampco-Pittsburgh Corporation, and previously served on the board of directors of TimkenSteel Corporation. He is a member and past president of the Indiana University of Pennsylvania Foundation Board.

Mr. Dunlap received a Bachelor of Science degree in marketing from Indiana University of Pennsylvania.

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the company’s customer-centric Best for All℠ strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005989/en/

John O. Ambler

Vice President

Corporate Communications

T – (412) 433-2407

E – joambler@uss.com



Kevin Lewis

Vice President

Investor Relations

T – (412) 433-6935

E – klewis@uss.com

Source: United States Steel Corporation

FAQ

Who is Terry L. Dunlap and what experience does he bring to United States Steel Corporation?

Terry L. Dunlap has extensive experience in the steel industry, having served as Interim CEO of TimkenSteel and spent 31 years with Allegheny Technologies.

What does the election of Terry L. Dunlap mean for United States Steel Corporation's future?

Dunlap's appointment could enhance U.S. Steel's leadership and strategic direction, focusing on innovation and sustainability.

When was Terry L. Dunlap elected to the Board of Directors at United States Steel Corporation?

Terry L. Dunlap was elected to the Board of Directors in February 2022.