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Gerdau Ameristeel Announces New CFO

Gerdau Ameristeel Corp. announced that Tom J. Landa has announced his retirement as Vice President and Chief Financial Officer effective July 31, 2007. Barbara R. Smith, the company's Treasurer, will assume the role of CFO.
 
"Mr. Landa has been a valuable member of our company since 1995 and has played an important role in the company's growth," said Mario Longhi, President and CEO of Gerdau Ameristeel. "On behalf of the company and its employees, I want to thank Tom for his significant contributions and wish him the best in his retirement. At the same time, I am confident in Barbara's ability to step into the CFO role given her experience at Alcoa and Faro Technologies."
 
Barbara Smith joined Gerdau Ameristeel as Treasurer in July 2006. She served as Senior Vice President and CFO for Faro Technologies prior to joining GNA, and also brings more than 23 years experience at Alcoa. She served various financial roles while at Alcoa, including Group CFO for the Aerospace, Automotive and Commercial Transportation Group, CFO Alcoa Fujikura Ltd and Director of Internal Audit.
 
Gerdau Ameristeel is the second-largest minimill steel producer in North America with annual manufacturing capacity of over 9.0 million tons of mill finished steel products. Through its vertically integrated network of 17 minimills (including one 50% owned joint venture minimill), 17 scrap recycling facilities and 51 downstream operations, Gerdau Ameristeel serves customers throughout North America. The company's products are generally sold to steel service centers, steel fabricators, or directly to original equipment manufactures for use in a variety of industries.