Olympic Steel : Announces the Promotion of Francis M. Ruane to Executive Vice President - Supply Chain
January 17, 2020 at 06:44 pm IST
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CLEVELAND - Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of Francis M. (Frank) Ruane to the role of Executive Vice President - Supply Chain.
Mr. Ruane will report directly to Andrew S. Greiff, President and Chief Operating Officer, and continue to lead Olympic Steel's supply chain efforts and manage the Company's distribution and proprietary fleet.
'Frank's expertise in supply chain, distribution, inventory management and routes to market have played an important role in Olympic Steel's commercial planning and business strategy,' said Greiff. 'His careful assessment of the current and future value of metals products in U.S. and global markets has been invaluable to our commercial teams and enabled us to provide effective insights and market education to our customers and industry partners.'
Mr. Ruane entered the industry in 1985, achieving roles of increasing responsibility before joining Olympic Steel in 1998. Prior to his current appointment, he held the positions of Director - Corporate Purchasing and Materials Management and, most recently, Vice President - Purchasing.
Mr. Ruane earned his undergraduate degree from the University of Maryland and his Masters of Business Administration from Loyola University. Mr. Ruane is a member of the Market Research Committee for the Metals Service Center Institute (MSCI) and is a past Communications Chair (Steel Buyers Forum) for the National Association of Purchasing Management.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company's CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 30 facilities in North America.
For additional information, please visit the Company's website at www.olysteel.com or https://olysteel.irpass.com/Contact_Us?BzID=2195.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200117005218/en/
Richard A. Manson
Chief Financial Officer
(216) 672-0522
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Olympic Steel Inc. published this content on 17 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2020 13:13:02 UTC
Olympic Steel, Inc. is a metals service center company. The Company provides metals processing and distribution services to a range of customers. It operates through three segments: specialty metals flat products, carbon flat products, and tubular and pipe products. Specialty metals flat products segment is engaged in the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Carbon flat products segment is engaged in the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Tubular and pipe products segment distributes metal tubing, pipe, bar, valves and fittings and fabrication of parts supplied to various industrial markets. This segment also offers a range of value-added fabrication services, including tube laser cutting, tube bending, robotic welding, flat laser burning and others.