Bethlehem Steel elects CEO

Bethlehem Steel Corporation has announced the election of Robert S. “Steveâ€? Miller Jr as chairman, chief executive officer and a director, effective immediately. The positions Mr Miller is assuming were previously held by Duane R. Dunham who will continue as president, chief operating officer and a director of the company. Mr Miller joins the Bethlehem Steel executive team at a time when the steel industry is suffering through a domestic steel market that has been devastated by record-level imports over the last few years. “Bethlehem, as well as other companies in the industry have been struggling all year with a weak economy and unfair foreign competition. Recent national events have greatly exacerbated the situation,” Mr Miller said. “The solution to Bethlehem’s problems will require hard work, creativity and some sacrifices on all sides,” he added, emphasising that “we intend to intensify our efforts to work together with the steelworkers union and government leaders to rebuild this great company to a position of prosperity.” The 59-year-old Stanford University and Harvard Law School graduate says: “Beginning with my experience in 1980 in the rescue of the Chrysler Corporation, I have seen first-hand the miracles that can be accomplished when management, labour and government all come together. I intend to see that happen here at Bethlehem,” said Mr Miller.

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