U. S. Steel Announces Management Change

Rhea-AI Summary

United States Steel Corporation (NYSE: X) has announced that Christine S. Breves, the current Senior Vice President & Chief Financial Officer, plans to leave the company in 2022 after nine years. During the transition, she will maintain her CFO role while aiding in the search for a successor. Breves will be elevated to Executive Vice President – Business Transformation, continuing to support the company’s Best for All℠ strategy. Her extensive experience in finance and supply chain will contribute to U. S. Steel's ongoing transformation initiatives.

Positive

• Christine S. Breves' elevation to Executive Vice President – Business Transformation to support U. S. Steel's strategy.
• Breves' extensive experience in finance and supply chain will benefit ongoing transformation efforts.

Negative

• The upcoming departure of a key executive could lead to uncertainties during the transition period.

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that Christine S. Breves, Senior Vice President & Chief Financial Officer, has informed the company of her intention to leave the company in 2022, after nine years of service with the company. Ms. Breves will continue to serve as Chief Financial Officer while the company conducts a search for a permanent replacement.

To ensure the company gains the full benefit of her extensive financial and supply chain expertise, Ms. Breves has agreed to stay on as Executive Vice President – Business Transformation to support the company’s Best for All℠ strategy.

“Christie’s deep knowledge of the industry, leadership and superb insight have contributed greatly to U. S. Steel’s transformation into the future of steelmaking,” said U. S. Steel President and Chief Executive Officer David B. Burritt. “We have too much important work before us not to take full advantage of her capabilities. That’s why I’m so pleased that Christie elected to remain for the full year and our Board of Directors agreed to elevate her to Executive Vice President. I look forward to working with her directly in the coming months to further accelerate our Best for All progress.”

Since 2019 Christine Breves has led all aspects of the company’s financial responsibilities, as well as the company’s procurement functions. Information technology and sales & operations planning functions were subsequently added to her responsibilities. Ms. Breves joined U. S. Steel in 2013 as Vice President and Chief Procurement Officer. In 2017, she was appointed Senior Vice President – Manufacturing Support & Chief Supply Chain Officer.

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/20220215006121/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

When is Christine Breves leaving United States Steel Corporation?

Christine Breves plans to leave United States Steel Corporation in 2022.

What position will Christine Breves hold after leaving as CFO?

Christine Breves will become Executive Vice President – Business Transformation after leaving her role as CFO.

What is United States Steel Corporation's stock symbol?

The stock symbol for United States Steel Corporation is X.

Who is the current CEO of United States Steel Corporation?

The current CEO of United States Steel Corporation is David B. Burritt.