WEST CHESTER, Ohio,
Nov. 24, 2015 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that its Board of Directors has
approved the following executive promotions, effective January 1, 2016:
- Jaime Vasquez has been
named Vice President, Finance and Chief Financial Officer. Mr.
Vasquez is currently Director, Finance. He will report to
Roger K. Newport, who is currently
Executive Vice President, Finance and Chief Financial Officer. As
previously announced, Mr. Newport has been appointed Chief
Executive Officer and a member of the Board of Directors, also
effective on January 1, 2016.
- Gregory A. Hoffbauer has
been named Vice President, Controller and Chief Accounting Officer.
He will also assume oversight of Risk Management. Mr. Hoffbauer is
currently Controller and Chief Accounting Officer.
- David E. Westcott has
been named Vice President and Treasurer. He will also assume
responsibility for Information Technology. Mr. Westcott is
currently Treasurer.
"These promotions add strength and depth to AK Steel's financial
organization and to our senior leadership team overall," said
James L. Wainscott, Chairman,
President and CEO of AK Steel. "I am confident that each will
provide strong leadership for AK Steel in the future."
Mr. Newport added, "I am excited that Jaime, Greg and Dave are
joining our executive team. I look forward to the many
contributions that these talented individuals will make to the
company's future success."
Mr. Vasquez joined AK Steel in 2014 as Director, Finance
with 30 years of finance, investor relations and sales management
experience. Prior to joining AK Steel, he was Vice President,
Chief Financial Officer for the Performance Engineered Products
Group of Carpenter Technology Corporation, a specialty metals
manufacturer. From 2001 to 2014 he served Carpenter
Technology Corporation in positions including: Vice
President, Corporate Development; President, Asia Pacific; and Vice President, Treasurer,
and Investor Relations. He also served as a member of the
Board of Directors of Kalyani-Carpenter Special Steels
Limited.
Mr. Vasquez also previously held positions as: Vice
President, Treasurer and Investor Relations for Pillowtex
Corporation, a textile products maker; Assistant Treasurer and
Investor Relations at Guilford Mills, Inc., a specialty fabric
manufacturer; Research Analyst for the bank GZ-Vienna; and Credit
Analyst in Corporate Banking for Credit Suisse.
Mr. Vasquez holds a Bachelor of Arts degree in Economics from
Rutgers University and an MBA from the
University of North Carolina.
Mr. Hoffbauer joined AK Steel in 2011 as Assistant
Controller. He was named Controller and Chief Accounting
Officer in 2013. Prior to joining AK Steel, he was Director
of Accounting for NewPage Corporation. He served in a variety
of accounting positions for Deloitte & Touche, including Audit
Senior Manager and Professional Development Director. He was
also Controller for Day International, Inc.
He is a member of the Board of Trustees of the Dayton chapter of Financial Executives
International. He is a Certified Public Accountant and a
member of the American Institute of Certified Public Accountants
and the Ohio Society of Certified Public Accountants. He also
serves on the Board of Trustees of the Dayton Society of Natural
History. Mr. Hoffbauer holds a Bachelor of Science degree in
Business Administration (Accounting) from the University of Dayton, and he is currently pursuing
an MBA degree from the University of Notre Dame.
Mr. Westcott joined the company in 1980 as an Associate
Accountant. He advanced to Accountant and Senior Accountant
and transferred to the Treasury Department in 1989. He was
named Supervisor, Accounting Services in 1994. He progressed
through a number of assignments including Senior Administrator,
Financial Planning, and Systems Manager and Supervisor, Accounts
Payable for the Financial Planning and Analysis Department.
In 2001, he was named Manager, Treasury Operations. He
advanced to Assistant Treasurer in 2004, and he was named Treasurer
in 2005.
Mr. Westcott is a member of the Association of Financial
Professionals. He has served with Junior Achievement and as a
member of the Board of Trustees of the Dayton Community Blood
Center / Community Tissues Services. He has also been active
in the past in the United Way. He holds a Bachelor of Science
degree in Accounting from Indiana
University, and an MBA from Xavier
University.
AK Steel
AK Steel is a world leader in the production of flat-rolled carbon,
stainless and electrical steel products, primarily for automotive,
infrastructure and manufacturing, construction and electrical power
generation and distribution markets. Headquartered in
West Chester, Ohio (Greater Cincinnati), the company employs
approximately 8,000 men and women at eight steel plants, two coke
plants and two tube manufacturing plants across six states:
Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. Additional information about AK
Steel is available at www.aksteel.com.
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SOURCE AK Steel