CHICAGO Essar Steel
Algoma Inc. chief executive officer James Hrusovsky has
resigned effective Nov. 1.
The Sault Ste. Marie,
Ontario-based steelmaker did not give a reason for
Hrusovskys resignation less than 17 months after he
joined the company.
Chief commercial officer Kalyan
Ghosh has been appointed interim chief executive, Essar Steel
Algoma said Monday.
Hrusovksy "improved productivity
and production levels and achieved excellent health and safety
performance to successfully position Algoma going forward"
Essar Steel Algoma chairman Prashant Ruia said in a statement.
"We wish him every success in his future endeavour."
Hrusovsky joined Essar Steel
Algoma in June 2011 (
amm.com, June 28, 2011), two months after
resigning as president and chief executive officer of Severstal
Essar Steel Algoma makes rolled
steel products, including hot- and cold-rolled sheet and