Olympic Steel Announces Management Changes
Cleveland, Ohio (July 22, 1999) - David A. Wolfort, Chief Operating Officer, of Olympic Steel, Inc. (Nasdaq: ZEUS) announced the following promotions which will become effective immediately.
Ray Walker has been named Vice President - Central Region which encompasses the Cleveland, Chicago and Tube Divisions. Walker joined Olympic Steel in 1986 and most recently served as General Manager - Cleveland.
David Lenzi has been named Vice President - Sales and Marketing. Lenzi joined Olympic Steel in 1985 with the purchase of Alloy Distributors, Inc. He most recently served as General Manager - Marketing.
Wolfort also announced the following promotions: Arthur "Chip" Scholl, General Manager - Cleveland; Bart Clifford, General Manager - Chicago; Karen White, Field Sales Manager - Cleveland; Neil Andress, Field Sales Manager - Chicago; and John Pristas, Operations Manager - Chicago.
"These management changes were made to respond to an ever-changing marketplace and are intended to propel this company in successfully continuing our aggressive growth strategy," stated Wolfort.
Founded in 1954, Olympic Steel is a leading North American steel service center that has positioned itself for growth in a consolidating steel industry. It is experienced in the specialized processing and distribution of flat-rolled carbon and stainless steel products, as well as tubular steel products. Headquartered in Cleveland, Ohio, the company has over 1,000 employees in 15 locations serving nine geographic markets. For further information on Olympic Steel, Inc., visit the Company's web site at http://www.olysteel.com.
Contact: Cathy S. Kish
Director - Investor Relations
Telephone: (216) 292-3800
Fax: (216) 682-4065
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