UNIVERSAL STAINLESS HEADLINESSteel Producers /
Universal Stainless
Oates Becomes Chairman of the Board of Universal Stainless
Jun. 15, 2010 Universal Stainless & Alloy Products, Inc. President and CEO Dennis M. Oates has assumed the additional post of Chairman of the Board of Directors.
As Chairman of the Board, Oates succeeds Clarence M. ("Mac") McAninch, who retired from the Board at the Shareholders' Meeting in May. McAninch had retired in compliance with the company's policy on mandatory age limitations for Directors.
"For the past two years, we have executed a strategy to position Universal Stainless for growth through a focus on significantly improving operational efficiency and customer service and by investing in our facilities to support this strategy,” said Oates. “While there is potential for more improvement, our entire team has made substantial progress in this regard.
“In adding the position of Chairman, I have committed to our Board to use all the resources of Universal Stainless to build a world-class stainless company based on customer service, technology and innovation," concluded Oates.
Oates has served as Universal Stainless President and CEO since 2008.
Universal Stainless & Alloy Products manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels, in a wide variety of grades, widths and gauges to customer specifications. Headquartered in Bridgeville, Pa., the company's specialty bar facilities have one of the broadest and most diverse size range and product capabilities in the industry. Established in 1994, the company’s experience, technical expertise, and dedicated workforce are committed to providing the best quality, delivery, and service possible.