Michael Wallis succeeds Dr. Ulrich Albrecht-Frueh as Chief Executive Officer of ThyssenKrupp Stainless USA
The
Board of Managers of ThyssenKrupp Stainless USA, LLC is pleased to announce the
appointment of Michael Wallis with effect from June 15, 2012 as Chief Executive
Officer of the company in Calvert, Alabama. In this position he will also be in
charge of the coordination of Inoxum´s operations in the NAFTA region. Michael
Wallis has thirty years of general management experience in the stainless steel
and aluminum business in Europe and North America.
Dr. Albrecht-Frueh
returns to Europe and remains in charge as Chief Technology Officer of the
Inoxum Group and Chief Operating Officer of ThyssenKrupp Nirosta GmbH, in
Krefeld, Germany.
ThyssenKrupp
Stainless USA is part of the Inoxum Group. The activities of the Inoxum Group,
part of ThyssenKrupp AG, are divided into two segments: the Stainless Steel
segment stands for the worldwide production, processing and distribution of
stainless steel flat products. The High Performance Alloys segment brings
together the production and distribution of high-performance materials such as
nickel alloys, titanium and zirconium. The Inoxum Group includes companies with
plants in Germany, Italy, Mexico, China and the USA employing roughly 11,500
people. On January 31st 2012 ThyssenKrupp AG announced the combination of Inoxum
and Outokumpu, a global stainless steel corporation with headquarters in
Finland. The combination is subject to regulatory approval. The transaction is
expected to be completed by the end of 2012.
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