ThyssenKrupp Stainless USA Announces Management Team
08/09/2007 - Thyssen Krupp Steel USA announces part of the senior management team that will oversee construction and operation of its stainless steel facility in Calvert, Ala.
ThyssenKrupp Stainless USA, LLC, announced the senior management team that will oversee the construction and operation of its stainless steel facility in Calvert, Ala. That facility is part of a $3.7-billion carbon steel and stainless steel processing complex scheduled to begin operations in 2010.
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In May, ThyssenKrupp announced that it would build a new state-of-the-art steel and stainless steel processing facility in Alabama. The facility will process carbon steel and stainless steel for high-value applications by manufacturers in the U.S. and throughout North America.
The new facility is considered to be one of the largest private industrial development projects in the United States over the next decade. During construction, the facility is expected to create up to 29,000 jobs. When fully operational, the plant will employ 2,700 people.
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In addition to Albrecht-Frueh, Michael Lutter was named Chief Financial Officer. Lutter brings 16 years of experience—including seven with ThyssenKrupp AG and ThyssenKrupp Stainless AG—in corporate finance, private equity, and mergers and acquisitions.
ThyssenKrupp Stainless USA also announced today that Russell Wilkie will serve as Head of Site Preparation. An expert in industrial greenfield projects, Wilkie relocated from ThyssenKrupp Stainless in Shanghai, China, to Mobile shortly after the announcement.
“Ulrich and Michael have proven to be exceptional leaders during their years of service with ThyssenKrupp,” said Michael Rademacher, Vice Chairman of the Executive Board of ThyssenKrupp Stainless. “The new stainless facility represents a very important component of our company’s global growth strategy. We are confident that our new management team will successfully lead the way.”
Over this past year, (Ulrich) Albrecht-Frueh and (Michael) Lutter jointly managed the site selection process for the new stainless steel facility in the U.S.
The company said that other management positions, including the Head of Human Resources, will be announced in the near future.
The ThyssenKrupp Group, based in Duesseldorf, Germany, is a global technology company that comprises five business segments: Steel, Stainless, Technologies, Elevator, and Services. The company has annual sales of approximately €47 billion (US$61 billion) and employs 188,000 employees in over 70 countries worldwide.
ThyssenKrupp Stainless is the holding company of the Stainless segment. Based in Duisburg, Germany, it brings together all of ThyssenKrupp’s activities in the areas of stainless steel flat-rolled products, nickel alloys and titanium. Thanks to its innovation potential, the segment has achieved leading market positions worldwide. ThyssenKrupp Stainless has annual sales of €6.4 billion (US$8.3 billion) and 12,200 employees around the globe. Operating companies include German-based ThyssenKrupp Nirosta, Italy’s ThyssenKrupp Acciai Speciali Terni, ThyssenKrupp Mexinox in Mexico, Shanghai Krupp Stainless in China, and ThyssenKrupp VDM, a producer of nickel materials with plants in Germany and the United States. ThyssenKrupp Stainless International is responsible for all stainless sales, distribution and service activities of the Stainless segment where these are not directly allocated to the production companies. The Stainless segment serves global customers in the appliance, electronics, automotive and aerospace industries.
ThyssenKrupp operations can be found in every state in the U.S. There are 70 ThyssenKrupp companies in more than 400 locations accounting for 25,000 employees and more than US$9.7 billion in annual sales. Through its predecessor companies, ThyssenKrupp has been part of the U.S. historical landscape for 170 years, dating back to 1837 when Alfred Krupp, founder of predecessor company Krupp, provided coin minting machine prototypes to the U.S.
