Leader in customized alloy steel products and services TimkenSteel announced its Board of Directors has approved several important executive leadership changes. Mr Michael S Williams has been named president and chief executive officer of the company and has also been elected to the board of directors effective January 1, 2021. Mr Terry L Dunlap, who has served as the company's interim chief executive officer and president since October 2019, will remain on the board and resume his role as an independent director of the company, effective January 1, 2021.
Mr Williams was most recently the chief executive officer of Bayou Steel Group, a US producer of structural steel and merchant bar. Prior to joining Bayou, Williams served as President Outokumpu Americas for Outokumpu Oyj, a global leader in the stainless steel industry. Before that, Mr Williams held a number of leadership roles at US Steel including senior vice president North American Flat Rolled, and most recently senior vice president, strategic planning and business development. Earlier in his career, Mr Williams served as vice president of commercial products at Special Metals Corporation and as chairman and chief executive officer of Ormet Corporation.
Additionally, Mr Frank A DiPiero will step down as executive vice president, general counsel and secretary of the company, effective December 31, 2020. DiPiero has served in this role since 2014. To succeed Mr DiPiero, the Board named Ms Kristine C Syrvalin as executive vice president, general counsel and secretary effective January 1, 2021. Ms Syrvalin is currently the assistant general counsel and vice president of ethics and compliance at TimkenSteel. Prior to joining the company in 2014, she was vice president, assistant general counsel and corporate secretary for OMNOVA Solutions Inc.
TimkenSteel manufactures high-performance carbon and alloy steel products in Canton, OH serving demanding applications in automotive, energy and a variety of industrial end markets. The company is a premier US producer of alloy steel bars up to 16 inches in diameter, seamless mechanical tubing and precision components.