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GS Industries Names Essig Chairman.



Business Editors

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 Middletown is an All-American City[2] located in Butler and Warren counties in the southwestern part of the U.S. state of Ohio. Formerly in Lemon, Turtlecreek, and Franklin townships, Middletown was incorporated by the Ohio General Assembly on February 11, 1833, and . 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 Washington is a city in Washington County, Pennsylvania, United States and part of the Pittsburgh Metro Area. The population was 15,268 at the 2000 census. It is the county seat of Washington CountyGR6 and is located in the southwestern part of the state. .

Essig has a Bachelor of Business Administration “BBA” redirects here. For other uses, see BBA (disambiguation).

The Bachelor of Business Administration (BBA) is a bachelor's degree in business studies.
 degree from Loyola University of Chicago Loyola University of Chicago, at Chicago; Jesuit; coeducational; est. 1870 as St. Ignatius College, present name adopted 1909. It has a liberal arts college and a graduate school, as well as schools of medicine, dentistry, nursing, social work, law, business , and Master of Business Administration degree from the University of Illinois University of Illinois may refer to:
  • University of Illinois at Urbana-Champaign (flagship campus)
  • University of Illinois at Chicago
  • University of Illinois at Springfield
  • University of Illinois system
It can also refer to:
.

"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 GSI - Gensym Standard Interface  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 GST
abbr.
Greenwich sidereal time


GST (in Australia, New Zealand, and Canada) Goods and Services Tax
 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 Direct reduced iron is produced from iron ore powder through heating and chemical reduction by natural gas.

While this is in general a more expensive process than reducing the ore in a blast furnace, there are several factors which can make it economical:
 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.
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Publication:Business Wire
Date:Mar 3, 2000
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