Bayou Steel Appoints James E. Howe as New Vice President of Sales.Business Editors LAPLACE, La.--(BUSINESS WIRE)--Aug. 13, 2003 Bayou bayou (bī`ō, bī` ) [Louisiana Fr.; from Choctaw bayuk=small stream], term used mainly in U.S. Steel Corporation (AMEX AMEXSee: American Stock Exchange :BYX) is pleased to announce that James E. Howe has joined the organization as the Vice President of Sales. Mr. Howe has spent his entire thirty-five year career in the steel industry. Jim has served in sales, sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a , general management, and corporate officer roles. He has extensive knowledge and experience in managing the sales and marketing of structural, bar and light structural shape products with J&L Steel Corporation, LTV LTV See: Loan-to-value ratio Steel Corporation, and most recently J&L Structural Inc. This will serve Bayou Steel and its customers well. Mr. Pitts, President and COO, commented, "We are confident that Jim will be an excellent addition to the organization as we continue the development and implementation of our strategic plan to restructure the company. Jim's familiarity with our product line and his existing relationships with many of our customers will allow him to hit the ground running. We believe he will provide the sound leadership to successfully move forward our new sales initiatives which are vital to increasing our capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. . We expect that Jim's contribution to the sales function will be significant as we emerge from bankruptcy." |
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