Ipsco Inc. announced that Gregory R. Burnett has joined the company as Corporate Treasurer.

In his new position, Mr. Burnett will be based at Ipsco's operational headquarters in Lisle, Ill., and will report directly to Ipsco's Senior Vice President and Chief Financial Officer, Vicki Avril. "Mr. Burnett's nearly 20 years of broad financial experience in finance and treasury, including as Director of Treasury for a large publicly traded company, and his familiarity with steel industry issues, makes him a strong addition to the Ipsco financial and management team," comments Ms. Avril.

Mr. Burnett brings financial, treasury, and accounting management experience to Ipsco, including 8 years in the steel industry. Most recently, he served as Director of Treasury at US Cellular Corp., a $3 billion publicly held wireless company based in Chicago, Ill. He joined US Cellular's treasury department as Treasury Manager, after spending three years as the company's Manager of Financial Analysis and Business Planning. Prior to joining US Cellular, Mr. Burnett spent three years in financial planning and analysis roles with Chicago-based Eagle Industries, a multi-billion-dollar acquisition and management company.

Earlier in his career, Mr. Burnett spent eight years at Inland Steel Industries, the $5 billion NYSE-listed parent company of steel manufacturer Inland Steel and steel distributor Ryerson Tull. While at Inland, he worked in various area including auditing, pension investments, corporate planning and development, financial planning and analysis, operations accounting, and credit.

Mr. Burnett earned his MBA in Finance and Corporate Policy from the University of Chicago and his B.S. in Finance from Indiana University.

Ipsco operates steel mills at three locations and pipe mills at six locations in the United States and Canada. As a low cost North American steel producer, Ipsco has a combined annual steelmaking capacity of 3,500,000 tons. The company's tubular facilities produce a wide range of tubular products including line pipe, oil and gas well casing and tubing, standard pipe and hollow structurals. Steel can also be further processed at Ipsco's five temper leveling and coil processing facilities.