Sept. 4, 2013
Severstal Appoints New North American CEO
Severstal has appointed Saikat Dey as the new chief executive officer of its Severstal North America subsidiary. Dey replaces Sergei Kuznetsov, who is leaving the company after four years in charge of the Dearborn, Mich.-based steelmaker.
Dey most recently served as chief strategy and procurement officer at SNA. He was responsible for driving the company’s business strategies in North America, leading OAO Severstal's expansion efforts in Asia and overseeing the purchasing function of SNA.
"The new leadership of Severstal North America will remain committed toward increasing efficiencies, lowering costs and achieving competitive advantages in the North American market,” says Alexey Mordashov, CEO of OAO Severstal.
Severstal becomes the third U.S. steelmaker to replace its CEO this summer, following the appointment of Conrad Winkler to replace the retired Mike Rehwinkel at Evraz North America in June and last month’s announcement that Mario Longhi would replace the retiring John Surma at U.S. Steel.