GENEVA STEEL ANNOUNCES MANAGEMENT CHANGES
GENEVA STEEL ANNOUNCES MANAGEMENT CHANGES VINEYARD, Utah, Nov. 1 /PRNewswire/ -- Geneva Steel (NYSE: GNV)
President Robert J. Grow announced today several new appointments and changes to its executive staff.
Robert A. Johnson has resigned as Geneva Steel's vice president and general counsel. Johnson has accepted the position of vice president, secretary and general counsel for Bonneville International Corporation. He will continue to serve on Geneva's board of directors. Johnson has been vice president and general counsel at Geneva since February of 1989. "Bob's contribution to Geneva during the past two years is immeasurable," Grow said. "We wish him well in his new role at Bonneville," Johnson's replacement as vice president and general counsel is Ken C. Johnsen. Johnsen, who recently served as manager of special projects at Geneva, received his law degree from the Yale Law School where he served as editor-in-chief of the Yale Journal on Regulation and editor of the Yale Law Journal. He received his B.A. in finance from Utah State University. Before joining Geneva Steel's management team in February 1991, Johnsen was a shareholder in the Salt Lake law firm of Kimball, Parr, Waddoups, Brown and Gee. In another move, Richard D. Clayton has been appointed executive vice president and vice president of environment. Clayton previously served as vice president of environment and special projects. Clayton will continue to oversee environment and special projects in addition to overseeing other areas including strategic planning and the business aspects of modernization. Before joining Geneva Steel in July 1989, Clayton was engaged in the private practice of law with Kimball, Parr, Waddoups, Brown and Gee. During the acquisition of Geneva Steel for USX, Clayton was involved in restructuring Geneva's major cost and supply relationships. A 1978 graduate of the University of Utah with B.S. degrees in accounting and finance, Clayton also received his law degree from the same university. Max E. Sorenson has been appointed senior vice president of engineering and technology. Sorenson recently served as vice president of engineering at Geneva. In his new capacity, Sorenson will be responsible for Geneva's engineering, technology and research, including the construction and implementation of modernization projects. Sorenson was the manager of research and development for raw materials and primary processes at Inland Steel in Chicago before coming to Geneva in September of 1989. He holds a B.S. degree in metallurgical engineering from the University of Utah and a master's degree in industrial management from Purdue University. Geneva has also hired Ralph F. Powers as general manager of manufacturing improvements. Powers has more than 30 years of experience managing steel operations, primarily with USX Corporation. He was the project director of an $850 million world-class steelmaking facility in Jakarta, Indonesia. Previously, he was the vice president of operations at USS-POSCO Industries in Pittsburgh, Calif. Powers also has substantial experience at the Geneva Steel mill. Starting as a production planner in 1956, he was appointed division superintendent of the rolling mill division in 1981 and also served as the acting assistant general superintendent. Powers has a B.S. degree in business from Brigham Young University. Geneva Steel is the only integrated steel mill operating west of the Mississippi River. The company manufactures hot rolled sheet, plate and pipe for sale primarily in the western and central United States. -0- 11/1/91 /CONTACT: Clark H. Caras of Geneva Steel, 801-227-9172/ (GNV) CO: Geneva Steel ST: Utah IN: MNG SU: ERN SH-CK -- NY055 -- 0294 11/01/91 14:23 EST
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|Date:||Nov 1, 1991|
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