Novich departs Ryerson in management shakeup

Oct 24, 2007 | 03:32 PM | Philip Burgert

Neil S. Novich has been ousted as chairman, president and chief executive officer of Ryerson Inc., Chicago, and two other top executives have left the company in what was described as a "comprehensive reorganization" launched only days after the service center company's sale to Platinum Equity LLC.

Beverly Hills, Calif.-based Platinum Equity appointed Robert Archambault, a partner in the private equity investor who had been overseeing the acquisition, as interim chief executive officer and named Stephen E. Makarewicz, previously president of Ryerson South, as president and chief operating officer. Terence R. Rogers, formerly vice president of finance for Ryerson, was promoted to executive vice president and chief financial officer. ....

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