BlueScope Steel CEO departure triggers leadership transition
- BlueScope Steel announced North America CEO Kristie Keast will step down at the end of October after 25 years with the business.
- Following the announcement, BlueScope Steel shares traded down to $32.38.
- The departure triggers a leadership transition while the board conducts a global internal and external search for a permanent successor.
BlueScope Steel (ASX:BSL) announced that CEO North America Kristie Keast will leave the company at the end of October after 25 years of service.
The leadership change comes as the company maintains steady trading momentum near its 52-week high of $35.38.
“Kristie has made a significant contribution to BlueScope during her 25-year tenure,” said BlueScope Steel Managing Director and CEO Tania Archibald.
Sue Stark, President of BlueScope Buildings North America, will serve as interim leader during the search for a permanent chief executive.
Following the announcement the BlueScope Steel share price was down at $32.38.
The company stated that North America remains central to group earnings and long-term expansion plans.
BlueScope operates major steelmaking and building product assets across Australia, North America, and Asia.
