Algoma Steel Appointed Michael Garcia as its New CEO

This follows retirement of current CEO Michael McQuade.

SEATTLE (Scrap Monster): Ontario-based integrated steel maker, Algoma Steel Group Inc. announced appointment of new Chief Executive Officer (CEO). The company appointed Michael Garcia as its new CEO with effect from 1^st June, 2022. This follows retirement of current CEO Michael McQuade.

The company news release stated that Mr. McQuade will continue to serve on the company’s board of directors. Also, Mr. Garcia will join the Board further to his appointment as CEO.

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Commenting on the appointment, Andy Harshaw, Chairman of the Board noted that Mr. McQuade has provided exemplary leadership through this transition period, taking Algoma from restructuring to a publicly listed company. He has set Algoma on secure footing as the company advances its sustainability agenda and embarks on its transformation to electric arc steelmaking, Harshaw added. Furthermore, he thanked McQuade on behalf of the entire Algoma team for his dedicated service.

A leader in developing and executing corporate strategy, Mr. Garcia has served several senior executive roles in various reputed companies including Alcoa Inc., Gerdau Ameristeel Inc., Evraz Inc./Evraz Highveld Steel & Vanadium Co., Federal Reserve Bank of Richmond, Domtar Inc., and Alliant Energy Inc. He holds a Bachelor degree in Computer Science from the United States Military Academy and a Master of Business Administration degree from Harvard University.

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