- Algoma Steel Group (ASTL) has announced the appointment of Michael Garcia as Chief Executive Officer
- Garcia will assume office on June 1, 2022
- He is a successful industrial business leader who has worked in reputable organizations
- Garcia holds a bachelor’s degree in computer science from the United States Military Academy and a Master’s degree in Business Administration from Harvard University
- Algoma is a fully-integrated producer of hot and cold rolled steel products
- Algoma Steel Group (ASTL) opened trading at $13.65
Algoma Steel Group (ASTL) has appointed Michael Garcia as Chief Executive Officer effective June 1, following the retirement of current CEO Michael McQuade.
Garcia will also join the board once his tenure as CEO commences.
“Michael Garcia comes at the optimal time as we execute our transformation strategy, and his deep industry expertise and world-class experience will amplify Algoma’s value proposition and we look to him to drive long-term value for all of our stakeholders as we usher in a new era in steel,” he added.
Garcia is a successful industrial business leader, experienced public company CEO, and board member. He is skilled at developing and executing corporate strategy, offering global experience across multiple countries and cultures with the proven ability to nurture talent and lead an organization through change.
His career spans senior executive roles in numerous well-regarded companies including Alcoa Inc., Gerdau Ameristeel Inc., Evraz Inc./Evraz Highveld Steel & Vanadium Co., Federal Reserve Bank of Richmond, Domtar Inc., and Alliant Energy Inc.
Garcia holds a bachelor’s degree in computer science from the United States Military Academy and a Master’s degree in Business Administration from Harvard University.
Algoma is a fully-integrated producer of hot and cold rolled steel products which is based in Sault Ste. Marie, Ontario.
Algoma Steel Group Inc. (ASTL) started trading at $13.65.
