CLEVELAND--(BUSINESS WIRE)--Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, announced Zachary J. Siegal has been promoted to the new position of Vice President of Strategic Development, effective Oct. 1, 2017.
Siegal began his career at Olympic Steel in 2007 as a Quality Engineer, and has progressed through several roles with increasing responsibility in various regions. He served as Purchasing Specialist and later as Operations Manager at the Company’s Minnesota facility, prior to transitioning to Purchasing and Materials Manager serving the Company’s locations in Schaumburg, Illinois and Gary, Indiana. Siegal maintained that role until being promoted to his most recent position as General Manager of the Cleveland Division in 2013.
He will be responsible for strategically developing new internal processing opportunities and growing the Company’s product portfolio, as well as assessing Company-wide operational and financial performance to promote best practices across all business units. In addition, Siegal will be instrumental in the evaluation of potential acquisition candidates and guiding the Company’s overall strategy for profitable growth.
“Having Zach dedicated to long-term strategic objectives and tracking day-to-day strategic initiatives will complement our existing senior management team as we continue to grow and enhance value at the Company,” said Richard Marabito, Olympic Steel’s Chief Financial Officer. “Zach is a hands-on leader who has consistently excelled in a variety of functions. He will bring a deep understanding of the metal service center industry to this important new role.”
Siegal has a Bachelor of Science degree in finance from Miami University in Oxford, Ohio, and a Master of Business Administration degree with a concentration in management systems from The Deming Scholars Program at Fordham University in New York City. Siegal will report to CFO Richard Marabito.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum 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.