August 30, 2008

BlueScope Steel appoints Mr Elias as new CFO

BlueScope Steel announced the appointment of Mr Charlie Elias as chief financial officer. He fills the position vacated by Mr Paul O'Malley who was promoted to BlueScope Steel MD & CEO on November 1st 2007.

Mr Elias is presently CFO and director for Linfox Logistics, one of Asia Pacific's largest supply chain and logistics companies. He will join BlueScope Steel in February.

Welcoming the new CFO, Mr Paul O'Malley MD & CEO of BlueScope Steel said that “Mr Elias would add an important extra dimension to the Company's senior executive team. Charlie is an outstanding finance executive with a strong track record in mergers and acquisitions and business restructures for Linfox and prior to that, as CFO and Head of Strategy and Business Development for TXU Australia. He will bring an added performance management focus to BlueScope Steel as we reorganize into a more agile, customer focused company. Charlie also understands the complexities and opportunities inherent in supply chain systems.”