Birmingham Steel Corporation Announces Promotions.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 24, 2002 The Board of Directors of Birmingham Steel Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIRS BIRS Banff International Research Station (Canada) BIRS Banca Internazionale per la Ricostruzione e lo Sviluppo (Italian) BIRS Basic Indexing and Retrieval System BIRS Battlefield Information Reporting System ) today announced the following promotions, which were effective January 21, 2002. Michael J. Wagner, age 40, has been appointed Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Wagner previously served as the Company's Vice President - Sales for Merchant Products. Before joining Birmingham Steel in 2000, Wagner worked for Nucor Corporation and Bethlehem Steel Corporation. He is a graduate of the University of Scranton The University of Scranton is a private, co-educational Jesuit university, located in Scranton, Pennsylvania, in the northeast region of the state. The school was founded in 1888 by Most Rev. William O'Hara, the first Bishop of Scranton, as St. Thomas College. . J. Daniel Garrett, Chief Financial Officer, age 44, has been appointed Executive Vice President. Garrett joined Birmingham Steel in 1986 and most recently held the position of Vice President - Finance and Chief Financial Officer. Prior to his association with Birmingham Steel, Garrett worked for SONAT Inc. and Ernst & Young. He earned bachelors and masters degrees from the University of Alabama The University of Alabama (also known as Alabama, UA or colloquially as 'Bama) is a public coeducational university located in Tuscaloosa, Alabama, USA. Founded in 1831, UA is the flagship campus of the University of Alabama System. . Birmingham Steel operates in the mini-mill sector of the steel industry and conducts operations at facilities located across the United States. The common stock of Birmingham Steel is traded on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). board under the symbol "BIRS." Except for historical information, the matters described in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including economic conditions, market demand factors, equipment breakdowns or failures, the Company's continued compliance with its financing arrangements and its principal debt agreements, as well as other risks described from time to time in the Company's periodic and special filings with the Securities and Exchange Commission. Any forward-looking statements contained in this document speak only as of the date hereof, and the Company disclaims any intent or obligation to update such forward-looking statements. |
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