Steel Mills
Algoma Names Garcia CEO, McQuade to Retire
Written by David Schollaert
April 18, 2022
Michael McQuade, Algoma Steel’s chief executive officer, will retire on June 1. Michael Garcia has been named to succeed him.
McQuade will continue to serve on the company’s board of directors, where Garcia will also join concurrent with his appointment as CEO, the company said.
“Mike McQuade has provided exemplary leadership through this transition period, taking Algoma from restructuring to a publicly listed company,” said Andy Harshaw, chairman of the board. “He has set Algoma on secure footing as the company advances its sustainability agenda and embarks on its transformation to electric arc steelmaking.”
“On behalf of the entire Algoma team, I thank him for his dedicated service and welcome the continued benefit of his insights as he stays on as a director,” he added.
Garcia’s career spans senior executive roles in numerous companies including Alcoa Inc., Gerdau Ameristeel Inc., Evraz Inc./Evraz Highveld Steel & Vanadium Co., to name a few. His industrial business success, as well as his experience as a public company CEO and a board member, will help lead the organization through its growth, the Sault Ste. Marie, Ontario-based steelmaker said.
Garcia holds a bachelor’s degree in computer science from the United States Military Academy and an MBA from Harvard University.
“I am excited to announce Michael Garcia will be joining Algoma as chief executive officer. He comes at the optimal time as we execute our transformation strategy,” Harshaw said. “His deep industry expertise and world-class experience will amplify Algoma’s value proposition and we look to him to drive long-term value for all of our stakeholders as we usher in a new era in steel.”
By David Schollaert, David@SteelMarketUpdte.com
David Schollaert
Read more from David SchollaertLatest in Steel Mills
Algoma to shut down line in Ontario ahead of EAF start
The 106” Mill was part of Algoma's plate and strip combination facility.
Nippon trial vs. US government to begin early next month: Report
Nippon Steel’s litigation against the US government is set to begin in early February, according to a report by Japan’s Kyodo News Agency. Nippon will file its opening brief on Feb. 3. And both parties will conclude their claims by March 17 in the US Court of Appeals for the District of Columbia Circuit, Kyodo […]
Nucor carbon targets certified by GSCC
Nucor’s “ambitious” carbon targets by the end of the decade and beyond have been certified by the Global Steel Climate Council (GSCC). The Charlotte, N.C.-based steelmaker used a base year of 2023 for its science-based emissions targets (SBET). It set an SBET of 0.975 metric tons (mt) of CO2 emissions per mt of hot-rolled steel […]
SSAB halts talks with Feds on Miss. green steel plant
The Department of Energy's Industrial Demonstrations Program page states that it is no longer moving forward with SSAB.
Cleveland-Cliffs CEO seeks ‘American solution’ for U.S. Steel
He said a new entity would operate under the U.S. Steel name and would retain its Pittsburgh headquarters.