Universal Stainless & Alloy Products, Inc. announced that Douglas M. McSorley has been named Vice President of Finance, Chief Financial Officer (CFO), and Treasurer of the company effective July 19.
McSorley, 44, most recently served as CFO of PSC Metals, Inc., an Icahn Enterprises L.P. scrap metal recycling company operating in the United States and Canada. He joined a predecessor company to PSC as Controller in 1994, after serving five years with Deloitte & Touche LLP in Ontario, Canada, where he worked as a Chartered Accountant with a range of industrial clients.
McSorley also has extensive experience in strategic M&A and was responsible for the acquisition and financial consolidation of several companies over the course of his 15-year career at PSC.
He received an Honours Bachelor of Business Administration from Wilfrid Laurier University in Ontario, Canada, in 1988 and became a Chartered Accountant in 1991. He is a member of Financial Executives International, the Association for Financial Professionals, and the Association for Corporate Growth.
"We are very pleased to have Doug McSorley join the Universal Stainless team,” said Dennis Oates, Chairman, President, and Chief Executive Officer. “The breadth and depth of his experience will enable him to quickly assume control of the vital financial function and play a key role as we continue to execute our strategic growth plan."
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel, and other alloyed steels, in a wide variety of grades, widths, and gauges to customer specifications. The company's products are sold to rerollers, forgers, service centers, OEMs, and wire redrawers for use in a variety of industries, including aerospace, power generation, petrochemical, and heavy equipment manufacturing.