The Board of Managers of ThyssenKrupp Stainless USA LLC announced the appointment of Michael Wallis, effective from 15 June 2012, as chief executive officer of the company in Calvert, Ala. In this position, he will also be in charge of the coordination of Inoxum's operations in the NAFTA region. Michael Wallis has 30years of general management experience in the stainless steel and aluminum business in Europe and North America.

Dr. Albrecht-Frueh returns to Europe and remains in charge as chief technology officer of the Inoxum Group and chief operating officer of ThyssenKrupp Nirosta GmbH, in Krefeld, Germany.

 

 

---

ThyssenKrupp Stainless USA is part of the Inoxum Group. The activities of the Inoxum Group, part of ThyssenKrupp AG, are divided into two segments: the Stainless Steel segment stands for the worldwide production, processing and distribution of stainless steel flat products. The High Performance Alloys segment brings together the production and distribution of high-performance materials such as nickel alloys, titanium and zirconium. The Inoxum Group includes companies with plants in Germany, Italy, Mexico, China and the USA employing roughly 11,500 people. On 31 January 2012, ThyssenKrupp AG announced the combination of Inoxum and Outokumpu, a global stainless steel corporation with headquarters in Finland. The combination is subject to regulatory approval. The transaction is expected to be completed by the end of 2012.