Boss of struggling steel firm to quit.
American Kirby Adams joined Corus, the European division of Indian steelmaker Tata, just over a year ago when the company was reportedly losing pounds 100m a month and facing a major slump in international steel markets.
It is now making a profit, but the turnaround has come at the expense of thousands of jobs. The decision to mothball the site was taken after a consortium walked away from a contract to buy its slab steel.
Mr Adams, who will be replaced at the helm of Tata Steel Europe by chief operating officer Karl-Ulrich Kohler, is returning to Australia, where he worked before joining Corus. He will remain as an adviser to Tata Steel.
Dr Kohler joined Corus in February after a 30-year steel industry career at the companies that today comprise ThyssenKrupp Steel.
Corus employs around 20,000 people in the UK.