GS Industries Names Essig Chairman.
CHARLOTTE, N.C.--(BUSINESS WIRE)--March 3, 2000
The Board of Directors of GS Industries, Inc. has elected Mark G. Essig as Chairman in addition to his current duties as President and Chief Executive Officer, effective immediately. Essig, who joined the company in January 1998, succeeds Roger R. Regelbrugge, who retires as Chairman but remains a member of the Board.
Before joining GS Industries, Essig served in various capacities at AK Steel Corporation, headquartered in Middletown, Ohio. His positions included Executive Vice President and Vice President of Sales & Marketing. Prior to joining AK Steel, Essig served as Vice President of Finance & Administration, and later as Vice President and Chief Financial Officer for Washington Steel Corporation in Washington, Pennsylvania.
Essig has a Bachelor of Business Administration degree from Loyola University of Chicago, and Master of Business Administration degree from the University of Illinois.
"I am honored to assume this new role as Chairman as we lead GS Industries into the new millennium," Essig said. "We are now able to build further on the momentum of growth and continuous improvement that has made this company a world leader in wire rod and mining products."
Roger Regelbrugge had been Chairman since GSI was formed in 1995. Previously, Regelbrugge served as Chairman and Chief Executive Officer since 1974 of Georgetown Industries, which merged with GS Technologies of Kansas City, MO to form GSI. "I am thankful for the contribution that Roger Regelbrugge made to our organization, and appreciative that he will continue as a board member of GSI," Essig said.
GS Industries is the top U.S. Producer of steel wire rod, and the largest producer of cast wear parts and grinding media for the mining industry. Headquartered in Charlotte, N.C., the company has annual revenues of $1 billion and employs more than 3,500 around the world.
Operating units in the United States include Georgetown Steel Company in Georgetown, SC; GST Steel Company in Kansas City, MO; and ME International with offices in Minneapolis, MN, and plants in Duluth, MN, and Tempe, AZ.
GSI also is operating partner and part owner of Siderperu, a producer of long and flat-rolled steel products in Peru, and owns 50 percent of American Iron Reduction in Convent, LA, which produces direct reduced iron in partnership with Birmingham Steel Corporation. The company's other international facilities are located in Mexico, Chile, The Philippines and Italy, and other joint ventures are located in Canada and Australia.