Birmingham Steel Corporation Announces Election of New Board Member.BIRMINGHAM, Ala.--(BUSINESS WIRE)--Aug. 26, 1998--Birmingham Steel Corporation today announced that its board of directors has elected Alfred C. DeCrane, Jr. as a member of the board. Mr. DeCrane fills a vacant position on the Company's board of directors. Mr. DeCrane, 67, is former chairman of the board and chief executive officer of Texaco Inc. Mr. DeCrane joined Texaco in 1959 and served in a variety of senior management positions until his retirement in 1996. He was elected to Texaco's board of directors in 1977 and was elected president in 1983, chairman of the board in 1987 and chief executive officer in 1993. Mr. DeCrane also is a director of CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Corporation, Bestfoods, Corn Products International, the Harris Corporation Harris Corporation NYSE: HRS is an international communications equipment company that produces wireless equipment, electronic systems, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. and U.S. Global Leaders Growth Fund Ltd. In addition, he is the U.S. co-chairman of the U.S. Saudi Arabian Business Council, a member of the Morgan Stanley International advisory board and the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the University of Notre Dame. Mr. DeCrane is agraduate of the University of Notre Dame and received a law degree from Georgetown University. Robert A. Garvey, chairman and chief executive officer of Birmingham Steel, stated, "We are pleased to have someone with Al DeCrane's experience and insight join our board. We know he will be a valuable contributor to the success of Birmingham Steel and look forward to the benefits of his counsel." Birmingham Steel operates in the mini-mill sector of the steel industry and conducts operations at facilities located across the United States. The Company produces steel reinforcing bar, merchant products and SBQ SBQ Sociedade Brasileira de Quimica (Portugese) SBQ Special Bar Quality (special bar quality) bar, rod and wire. The common stock of Birmingham Steel Corporation is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "BIR BIR British Institute of Radiology BIR Bureau of Internal Revenue BIR Bureau of International Recycling BIR Baculovirus IAP Repeat BIR Biomedical Imaging Resource BIR Bureau of Intelligence and Research (US State Department) ."
CONTACT: Birmingham Steel Corporation, Birmingham
J. Daniel Garrett, 205/970-1213
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