Olympic Steel Promotes Andrew Greiff to Executive Vice President and Chief Operating Officer

August 23, 2016

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CLEVELAND–(BUSINESS WIRE)–Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced Andrew Greiff has been promoted to Executive Vice President and Chief Operating Officer, effective August 19, 2016.

Greiff joined Olympic Steel in 2009. In 2011 he was promoted to President, Specialty Metals. In that role he managed sales and distribution of stainless steel and aluminum products. Since then, the Company’s special metals business has rapidly expanded. In 2016, Olympic Steel accounted for 5.5% of the domestic stainless steel sheet and coil market and nearly 2% of the aluminum sheet and coil market, according to the Metal Service Center Institute’s Metals Activity Report.

“To complement our principal carbon steel business, several years ago we strategically expanded into new product categories. Andrew has overseen consistent organic growth in specialty metals, which now comprise almost 20% of our consolidated sales,” said Chairman and Chief Executive Officer Michael D. Siegal. “In addition to driving growth in specialty metals, Andrew has also managed our established carbon business in the Midwest Region. His broad experience makes him ideally suited for this expanded, company-wide role.”

This appointment divides the responsibilities of President and Chief Operating Officer. David Wolfort continues to serve as President of the Corporation.

“As a growth company, we must consistently deepen our executive management team to accommodate future growth and succession opportunities,” Siegal said.

Greiff earned his Bachelor of Arts degree in political science from Tulane University and he has also completed MSCI’s service center management courses. He is a member of the MSCI and a member of the Fabricators and Manufacturers Association, and serves on the boards of the Hawken School and the MSCI Specialty Metals Division.

About Olympic Steel

Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 33 facilities in North America.

For additional information, please visit the Company’s website at www.olysteel.com or www.b2i.us/profiles/investor/ContactUs.asp?BzID=2195

Category: General