David Cheney has been promoted to the helm of the Canadian steelmaker, Stelco. In a statement, Stelco said Cheney, who had served as executive vice president and chief business development officer, will oversee day-to-day operations as its chief executive officer.
Meanwhile, former chief executive Alan Kestenbaum will continue in his role as executive chairman and turn his focus to corporate growth, strategic planning and maximizing shareholder returns. Prior to joining Stelco and Bedrock Industries, Cheney worked as an investment banker at J.P. Morgan and Deutsche Bank, and he was responsible for the metals and mining practice at Wells Fargo Securities.
Published in the April 2019 Edition