Steel Mills
Mario Longhi Steps Down as CEO of US Steel
Written by Sandy Williams
May 11, 2017
US Steel announced on Wednesday that Mario Longhi has stepped down as CEO of US Steel Corp. As of May 8, 2017, president and chief operating officer David Burritt will take the reins as chief executive officer.
Longhi will remain on the board of directors and as an employee of US Steel, providing transitional support, until his retirement on June 30, 2017.
“Mario played a key role in driving the company’s transformation, including the successful implementation of The Carnegie Way,” said Chairman David S. Sutherland. “His impact was felt across our company and the steel industry through his efforts in Washington, D.C., to combat unfair trade and create a level playing field. We thank him for his dedication to U. S. Steel.”
Longhi began his tenure at US Steel in 2012 as executive vice president and chief operating officer. In 2013 he succeeded John Surma as CEO and was elected to the board of directors. Under Longhi’s guidance, US Steel embarked on a business transformation known as The Carnegie Way. He led the steel industry in its pursuit of fair trade, providing testimony to Congress on the impact of unfairly priced imports on domestic producers, and initiating trade cases as necessary.
“When I came to the company, I envisioned a five-year tenure, which I have completed,” said Longhi. “I am proud of the progress we have made, which solely resides on the people of this company. U. S. Steel employees dug in, tackled every challenge and never stopped looking for ways to improve everything they could control. I am fortunate to have spent five years working with them.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]
Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]
Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."