Universal Stainless Names New Vice President of Finance, CFO and Treasurer
06/03/2013 - Universal Stainless & Alloy Products, Inc. announced that Michael D. Bornak has been named vice president of finance, chief financial officer and treasurer of the company effective 3 June 2013.
Universal Stainless & Alloy Products, Inc. announced that Michael D. Bornak has been named vice president of finance, chief financial officer and treasurer of the company effective 3 June 2013. Mr. Bornak succeeds Douglas M. McSorley, who has left Universal Stainless to pursue new opportunities.
Michael Bornak, 51, is a senior executive with extensive global experience in financial and operational management across a broad range of industries. He most recently served as chief financial officer, treasurer, secretary and senior vice president of finance & administration for SeaChange International. Mr. Bornak also has held the position of chief financial officer for Tollgrade Communications, Inc., Solar Power Industries, MHF Logistical Solutions and Portec Rail Products, Inc as well as senior financial positions at Precise Technology and National Steel Corporation. Mr. Bornak is a certified public accountant and began his financial career at Ernst & Young. He holds a B.S. in Business Administration from Clarion University of Pennsylvania and received his Master's degree through the University of Pittsburgh Katz Executive MBA program.
Chairman, president and CEO Dennis Oates commented, "Mike Bornak is an effective, high energy executive who has a proven track record of optimizing financial operations and accomplishing organizational transformation throughout his career. We welcome him to our team, where he will play an essential role in the next phase of the transformation currently underway at Universal Stainless."
Mr. Oates continued, "I also want to acknowledge the contribution of Doug McSorley to Universal Stainless. Doug played an important role in the acquisition of our North Jackson operation and its financing, which was the starting point for reshaping our Company for future growth. We wish him success in his future endeavors."
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing. Established in 1994, the company, with its experience, technical expertise, and dedicated workforce, stands committed to providing the best quality, delivery, and service possible.
