Essar Steel Algoma Inc. Announces CEO Resignation

Oct 29, 2012, 16:00 ET from Essar Steel Algoma Inc.

SAULT STE. MARIE, ON, Oct. 29, 2012 /PRNewswire/ - Essar Steel Algoma Inc. announced today that Mr. James Hrusovsky, Chief Executive Officer has tendered his notice of resignation to be effective November 1, 2012.  He will also resign as a Director of the Company.

Mr. Kalyan Ghosh, Chief Commercial Officer, has been appointed Chief Executive Officer of the Company on an interim basis.

Mr. Prashant Ruia, Essar Group Director and Chairman of the Essar Steel Algoma Board of Directors said "On behalf of Essar Steel Algoma, I would like to thank Jim for his leadership and contributions to the Company.  He improved productivity and production levels and achieved excellent health and safety performance to successfully position Algoma going forward. We wish him every success in his future endeavours."

Essar Steel Algoma Inc. is based in Sault Ste. Marie, Ontario.  Revenues are derived primarily from the manufacture and sale of rolled steel products, including hot and cold rolled sheet and plate.

SOURCE Essar Steel Algoma Inc.