Leading North American flat-rolled steel service center Kenwal Steel has named Mr Stephen Eisenberg Chairman and CEO, effective November 12. Mr. Eisenberg is now the company's majority shareholder. Mr Eisenberg's appointment to Chairman and CEO marks the third generation of Eisenberg family leadership. Kenwal Steel was founded by Stephen Eisenberg's grandfather, Sol Eisenberg, in Detroit in 1947. Mr Stephen Eisenberg succeeds his father, Mr Kenneth Eisenberg, who led the company for the past 50 years.
Mr Stephen Eisenberg joined Kenwal in 1992, assuming the head of the company's Gary Indiana facility in 1996. Under Mr Eisenberg's direction, that facility tripled its sales over the next five years, leading to the opening of a new service center in Burns Harbor in Indiana in 2004.
Mr Eisenberg holds a Bachelor's degree in Liberal Arts from the University of Michigan and an MBA in Finance from the NYU Stern School of Business.
Founded in 1947 by Sol Eisenberg, Kenwal Steel operates world-class steel service centers, providing a large variety of different grades and types of flat rolled steel products to customers in the automotive and manufacturing industries. Kenwal has locations in Dearborn, Michigan, Burns Harbor, Indiana and Lebanon, Tennessee, and offices in Canada and Mexico. Within its facilities, the company operates a network of seven steel slitting lines and a high-volume pickling line with in-line tension leveling.