Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals
service center, announced Zachary J. Siegal has been promoted to the new
position of Vice President of Strategic Development, effective Oct. 1,
2017.
Siegal began his career at Olympic Steel in 2007 as a Quality Engineer,
and has progressed through several roles with increasing responsibility
in various regions. He served as Purchasing Specialist and later as
Operations Manager at the Company's Minnesota facility, prior to
transitioning to Purchasing and Materials Manager serving the Company's
locations in Schaumburg, Illinois and Gary, Indiana. Siegal maintained
that role until being promoted to his most recent position as General
Manager of the Cleveland Division in 2013.
He will be responsible for strategically developing new internal
processing opportunities and growing the Company's product portfolio, as
well as assessing Company-wide operational and financial performance to
promote best practices across all business units. In addition, Siegal
will be instrumental in the evaluation of potential acquisition
candidates and guiding the Company's overall strategy for profitable
growth.
"Having Zach dedicated to long-term strategic objectives and tracking
day-to-day strategic initiatives will complement our existing senior
management team as we continue to grow and enhance value at the
Company," said Richard Marabito, Olympic Steel's Chief Financial
Officer. "Zach is a hands-on leader who has consistently excelled in a
variety of functions. He will bring a deep understanding of the metal
service center industry to this important new role."
Siegal has a Bachelor of Science degree in finance from Miami University
in Oxford, Ohio, and a Master of Business Administration degree with a
concentration in management systems from The Deming Scholars Program at
Fordham University in New York City. Siegal will report to CFO Richard
Marabito.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center
focused on the direct sale and distribution of large volumes of
processed carbon, coated and stainless flat-rolled sheet, coil and plate
steel and aluminum products. The Company's CTI subsidiary is a leading
distributor of steel tubing, bar, pipe, valves and fittings, and
fabricates pressure parts for the electric utility industry.
Headquartered in Cleveland, Ohio, Olympic Steel operates from 30
facilities in North America.
For additional information, please visit the Company's website at www.olysteel.com
or http://ir.olysteel.com/Contact_Us?BzID=2195.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170928005127/en/
IR Contact:
Olympic Steel Investor Relations
Matthew J.
Dennis, CFA, 216-672-0522