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Olympic Steel Appoints New Vice President to Action Stainless & Alloys Subsidiary
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Olympic Steel has appointed Jessica L. Burroughs as Vice President of its Action Stainless & Alloys subsidiary, marking a strategic addition to its leadership team. Burroughs brings over 18 years of metals industry experience, focusing on commercial, sales, and marketing roles. She will work directly under Andy Markowitz, President of Specialty Metals. The company emphasizes that enhancing returns on investments in Action Stainless & Alloys and expanding its stainless and aluminum segments are key to its business strategy. With the specialty metals sector being a rapid growth area, Burroughs's expertise is expected to drive new partnerships, products, and services. Olympic Steel, headquartered in Cleveland and founded in 1954, is a U.S. metals service center with over 44 facilities across North America.
Positive
Appointment of Jessica L. Burroughs as Vice President expected to strengthen leadership.
Burroughs's extensive industry experience may enhance growth in the stainless and aluminum segments.
Focus on new customer-driven partnerships could lead to increased market share.
Negative
None.
CLEVELAND--(BUSINESS WIRE)--
Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the appointment of Jessica L. Burroughs to the newly created role of Vice President for the organization’s Action Stainless & Alloys subsidiary.
Ms. Burroughs joins the Company with more than 18 years of metals industry experience in roles encompassing commercial, sales and marketing functions. She will report directly to Andy Markowitz, President - Specialty Metals, Olympic Steel.
“Continuing to increase the return on our investment in Action Stainless & Alloys and grow our stainless and aluminum business segments are essential pieces of our business strategy, and Jessica’s experience, expertise and industry relationships will allow her to have an immediate impact,” said Markowitz. “We are fortunate to have her joining our team.”
“Specialty metals is one of our fastest-growing business segments, and we look forward to Jessica’s fresh perspective on ways to grow the business through new customer-driven partnerships, products and value-added services,” said Andrew S. Greiff, President and Chief Operating Officer, Olympic Steel.
Ms. Burroughs earned her bachelor’s degree in anthropology and psychology from the University of Toledo. She earned her Master of Business Administration in international banking and finance from Texas A&M International University.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from more than 44 facilities in North America.
For additional information, please visit the Company’s website at www.olysteel.com.
Michelle Pearson-Casey Vice President Corporate Communications & Marketing
(216) 292-3800
Source: Olympic Steel, Inc.
FAQ
What was the reason for Jessica L. Burroughs's appointment at Olympic Steel?
Jessica L. Burroughs was appointed to leverage her extensive industry experience to enhance the company's growth strategy in specialty metals and strengthen its leadership.
What impact might Burroughs's leadership have on Olympic Steel's stock performance?
Burroughs's leadership is expected to drive growth in the stainless and aluminum segments, potentially leading to improved financial performance and positively impacting stock performance.
When did Olympic Steel announce Jessica L. Burroughs's appointment?
Olympic Steel announced Jessica L. Burroughs's appointment on April 5, 2023.
What experience does Jessica L. Burroughs bring to Olympic Steel?
Jessica L. Burroughs brings over 18 years of experience in the metals industry, with a focus on commercial, sales, and marketing functions.
What is Olympic Steel's focus in its business strategy?
Olympic Steel's business strategy focuses on increasing returns on investments and growing its stainless and aluminum business segments.
