Stephen Eisenberg was appointed chairman and CEO of Kenwal Steel, effective Nov. 12. The third-generation leader of the Dearborn, Mich.-based service center company is now the company’s majority shareholder.
He assumes the leadership role from his father, Kenneth Eisenberg, who had led the company for the past 50 years. Kenwal was founded by Sol Eisenberg in Detroit in 1947.
"I am profoundly privileged to assume the helm of the company I love. It is an honor to lead the exceptional men and women who have helped make Kenwal Steel a critical part of manufacturing across the nation," said Stephen Eisenberg. "The legacy of my father and grandfather taught me the importance of fostering and honoring the partnerships we have formed with our customers and mills; as well as those with our employees, who remain our most vital resource."
Kenwal is known for its strong culture of service and its keen sense of the marketplace, ensuring that its customers have the high-quality steels that they need, precisely when they need them, executives claim. Stephen Eisenberg intends to strengthen that culture to sustain the significant organic growth Kenwal has experienced over the past decades. Kenwal was the 17th largest service center in the MCN Top 50 in 2020, with 2019 revenues of $920 million.
"Stephen has the experience, sharp insight, talent and vision to take Kenwal into the future," said Kenneth Eisenberg. "He has more than demonstrated to our customers and partners his considerable skill for sourcing the highest quality steel with unparalleled customer service."
With the transition, Kenneth Eisenberg has retired from the company.
Stephen Eisenberg joined Kenwal in 1992, assuming the head of the company's Gary, Indiana facility in 1996. Under his direction, that facility tripled its sales over the next five years, leading to the opening of a new service center in Burns Harbor, Ind., in 2004.
During Kenneth Eisenberg's tenure, Stephen, while working with COO David Bazzy, helped establish the company as both a formidable leader in the steel industry, and a trusted pillar of the communities in which its service centers are located, including metro Detroit; Burns Harbor; and Lebanon, Tenn., Kenwal claims.
Stephen Eisenberg holds a bachelor's degree in liberal arts from the University of Michigan and an MBA in Finance from the NYU Stern School of Business.