Press release
Algoma Steel Expands and Diversifies Board
SAULT STE. MARIE, Ontario., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc., with operations based in Sault Ste. Marie, Ontario (“Algoma”) (NASDAQ:
About this update from Algoma Steel Group Inc.
[{"type":"text","content":"SAULT STE. MARIE, Ontario., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc., with operations based in Sault Ste. Marie, Ontario (“Algoma”) (NASDAQ: ASTL, ASTLW; TSX: ASTL, ASTL.WT), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the addition of six new directors to its Board following the closing of Algoma’s business combination with Legato Merger Corp. (“the Transaction”). The new directors expand the range of expertise offered, and underscore Algoma’s commitment to bringing diverse perspectives and experience to the boardroom that reflect the broader interests of Algoma stakeholders. In connection with the Transaction, in addition to Andrew Harshaw (Chair), Andrew Schultz and Michael McQuade, new directors Mary Anne Bueschkens, Gale Rubenstein, and James Gouin were added to Algoma‘s board. Former Legato representatives David Sgro and Eric Rosenfeld and former Legato chairman Brian Pratt also joined the Algoma board on the closing of the Transaction. All of the Algoma directors, other than Mr. McQuade, Algoma’s CEO, are independent. “We are excited to welcome six new directors to our Board,” remarked Michael McQuade. “It is important that we deliver on our public company expectations by assembling the level of leadership and governance required to meet the demands of the rapidly evolving North American steel industry. Our new board members bring critical expertise and diversity to the team.” Algoma Board Chair Andrew Harshaw added, “I would like to acknowledge and extend our sincere thanks to departing designated directors Michael Alexander, Michael Bevacqua, and Brian Hook for their dedication and contribution in getting Algoma to this important milestone in the company’s transformation journey. We have benefited from their expertise and are grateful for their insights.” Brief bios of Algoma’s new board members are below: Mary Anne Bueschkens Ms. Bueschkens is a globally experienced business executive, attorney and board member. She has held progressive roles as General Counsel, President, CEO, and Vice-Chair of the Board of Directors and member of the Nominating and Governance Committee of ABC Technologies Inc., a TSX-listed global Tier One automotive parts supplier, in addition to serving as a Board and Audit Committee Member of ACPS, a leading European Automotive...