Garcia will take over for current Algoma CEO Michael McQuade, who is retiring from the company but will continue as a member of the board of directors. 

“Mike McQuade has provided exemplary leadership through this transition period, taking Algoma from restructuring to a publicly listed company. He has set Algoma on secure footing as the company advances its sustainability agenda and embarks on its transformation to electric arc steelmaking,” remarked Algoma chairman of the board Andrew Harshaw in a statement.

According to the official press release, Michael Garcia has served in multiple executive leadership roles for a variety of public companies throughout his career, including terms with Alcoa Inc., Gerdau Ameristeel Inc. and Evraz Inc., among others. Garcia served on the executive committee of AIST's board of directors from 2010 to 2014.

“(Garcia) comes at the optimal time as we execute our transformation strategy,” Harshaw said. “His deep industry expertise and world-class experience will amplify Algoma’s value proposition and we look to him to drive long-term value for all of our stakeholders as we usher in a new era in steel."

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