Algoma Steel Announces New Chief Financial Officer
04/30/2008 - Algoma Steel announces the departure of Dan Ardila, Vice President Finance and Chief Financial Officer, who has conveyed his intention to resign in the pursuit of other career interests.
Algoma Steel Inc. announced that Dan Ardila, Vice President Finance and Chief Financial Officer, has conveyed his intention to resign in the pursuit of other career interests. The resignation is effective April 30th, 2008.
The Board placed on record a sincere appreciation for Dan's service, particularly through the financial and corporate integration of Algoma Steel with Essar Steel Holdings, and wished him “the very best in his future endeavors.
The company also announced the appointment of Amit Agarwal as Chief Financial Officer effective May 1, 2008. In his new position, Agarwal will be accountable for all financial, logistics, and supply-chain functions.
Agarwal, who has over 18 years’ experience in the steel industry, has been with Essar since November 2007. He came to Essar from Arcelor Mittal, where he served most recently as Chief Financial Officer of the European Long Business Segment. Prior to the merger, he was the Chief Financial Officer for Mittal Steel Germany.
A member of the Essar Group, Algoma Steel Inc. is based in Sault Ste. Marie, Ont. As a fully integrated steel producer, Algoma's revenues are derived primarily from the manufacture and sale of rolled steel products including hot and cold rolled sheet and plate.
