Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals
service center, today announced the nomination of Idalene 'Idie' Kesner,
Ph.D. to serve as an independent director on the Company's Board of
Directors.
Dr. Kesner is the Dean and Frank P. Popoff Chair of Strategic Management
at Indiana University's Kelley School of Business. Her nomination for a
two-year term will be presented for shareholder vote at the Company's
2018 annual meeting of shareholders. Subject to shareholders approving
Dr. Kesner's election, the Company's Board of Directors will include
nine directors.
"Idie will be a strong asset for our board. She has exceptional business
acumen and experience with a wide range of strategic matters that can
enhance shareholder value," said Honorable Dirk Kempthorne, chair of the
Board's nominating committee. "We look forward to her fellow
stewardship."
Dr. Kesner is the first woman to lead the nationally acclaimed Kelley
School of Business at Indiana University, in Bloomington, Indiana, a
position she has held since 2013. She has taught in more than 100
executive programs and served as a consultant on strategic issues for
many national and multi-national organizations. Her published research
has focused on corporate board composition, chief executive succession,
corporate governance, and mergers and acquisitions.
Dr. Kesner earned her Master of Business Administration degree, and a
doctorate, also in business administration, from Indiana University. She
received a bachelor's degree in business administration from Southern
Methodist University in Dallas, Texas.
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
Additional Information
In connection with the Company's 2018 annual meeting, the Company will
file a proxy statement with the SEC. The definitive proxy statement will
be sent or given to the Company's shareholders and will contain
important information about the 2018 annual meeting, including the
election of directors. THE COMPANY'S SHAREHOLDERS ARE ENCOURAGED TO READ
IN THEIR ENTIRETY THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS
FILED WITH THE SEC WHEN THEY BECOME AVAILABLE. Investors and security
holders will be able to obtain a copy of the definitive proxy statement
(when it is available) and any other relevant documents filed with the
SEC free of charge at the SEC's website, www.sec.gov.
Certain Information Concerning Participants
The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies in respect of the 2018
annual meeting. Information concerning the Company's participants is set
forth in its proxy statement for its 2018 annual meeting of shareholders
and its most recent annual report on Form 10-K. These documents may be
obtained for free at the SEC's website, www.sec.gov.
Additional information regarding the interests of such participants in
the solicitation of proxies in respect of the 2018 annual meeting will
be included in the definitive proxy statement and any other relevant
materials to be filed with the SEC when they become available.
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Olympic Steel Investor Relations
Matthew J. Dennis, CFA,
216-672-0522