AK Steel announced the retirement of Albert E. Ferrara, Jr . from the company, effective August 31, 2013. Ferrara has been with AK Steel for more than a decade, and has served as the senior vice president and chief financial officer (CFO) and, most recently, as the senior vice president of corporate strategy and investor relations.
Mr James L. Wainscott, Chairman, President and CEO of AK Steel commented, “Al has been an integral part of AK Steel’s senior management team that engineered the company’s turnaround in years past and, more recently, he has focused on strategy and investor activities. On behalf of AK Steel’s Board of Directors, our Executive Officers and all of us at the company, we wish Al a long and happy retirement.”
Ferrara has served the steel industry for more than 40 years. He had previously been recognised by Institutional Investor Magazine as one the best CFOs of America. Prior to his AK Steel career, he held a number of executive-level positions with NS Group, USX Corporation and United States Steel Corporation. Ferrara is also a member of the advisory board of FM Global, and he previously served as a member of the advisory board of the University of Virginia’s McIntire School of Commerce. He is a past board member of the Upper St. Clair (Pennsylvania) School District, the Regional Industrial Development Corporation, Pittsburgh, Pennsylvania, and the Metropolitan Development Board, Birmingham, Alabama.
Following Ferrara’s retirement, the company’s Investor Relations activities will be managed by Roger Newport, AK Steel’s CFO and vice president—Finance, with assistance from Doug Mitterholzer, AK Steel’s Assistant Treasurer.
