U. S. Steel Announces Executive Appointments in Accounting, Finance
05/29/2008 - United States Steel announces the appointment of Larry G. Schultz as Senior Vice President & Controller, and Gregory A. Zovko as Vice President—Accounting.
United States Steel Corp. Executive Vice President and Chief Financial Officer Gretchen R. Haggerty announced two executive appointments in the company's accounting and finance organizations, beginning with the appointment of Larry G. Schultz as Senior Vice President & Controller. In addition, Gregory A. Zovko has been appointed Vice President—Accounting.
The new appointments, which become effective June 1, will see Schultz continuing to report to Haggerty, and Zovko reporting to Schultz.
“Our company's growth in recent years in the United States, Canada, Slovakia, and Serbia, and other major corporate initiatives have created some significant challenges and opportunities for U. S. Steel's accounting and
finance organizations,” said Haggerty. “Larry and Greg have both made important contributions to the corporation's success during these times of tremendous change, and I am pleased to recognize them with these appointments.”
Schultz, 58, joined U. S. Steel in 1973 as an industrial engineer at Pittsburgh headquarters, holding a series of accounting and planning posts there and at nearby Mon Valley Works facilities before being named Director—Corporate Financial Analysis in 1986. In 1987, he was appointed Comptroller of USX Engineers and Consultants, Inc.
Schultz moved to Washington, D.C., in 1988 to serve on the President's Commission on Executive Exchange, returning to U. S. Steel in 1989 as Director—Analysis and General Accounting. He advanced to become Comptroller of U. S. Steel in 1992, and was appointed Vice President—Accounting for USX Corp. in 2000. In January 2002, Schultz was named Vice President—Investor Relations & Financial Analysis, and in May 2002, he assumed his current position, Vice President & Controller.
Schultz received a bachelor's degree in mathematics from Ursinus College in Collegeville, Pa., in 1971, a master's degree in operations research and statistics from Rensselaer Polytechnic Institute in Troy, N.Y., in 1973, and a master's degree in business administration from the University of Pittsburgh in 1979. He is a member of the Institute of Management Accountants.
In his new role, Zovko, 47, will oversee accounting functions for all of U. S. Steel's business units, including North American flat-rolled and tubular as well as European operations. He will also direct financial analysis activities. Zovko joined the company in 1983 as a Management Associate in the accounting and finance department at its Mon Valley Works near Pittsburgh. Over the next 14 years, he progressed through a series of increasingly responsible positions in corporate audit and accounting before being named Controller for Mon Valley Works' Clairton Plant in 1997.
Zovko moved back to headquarters in 1998 to serve as Manager—Financial Analysis; one year later, he was named Controller for the entire Mon Valley Works. In 2002, he returned to headquarters as Assistant Controller—Operations Accounting & Financial Analysis. He has served as Controller—Flat-Rolled Products & Assistant Corporate Controller since November 2007.
Zovko earned a bachelor's degree in accounting from The Pennsylvania State University in 1983, a master's degree in business administration from the University of Pittsburgh in 1988, and a master's degree in tax administration from Duquesne University in 1998. He is also a Certified Public Accountant.
Schultz and Zovko will both continue to work from U. S. Steel's corporate headquarters in Pittsburgh.
