NEW YORK Andrea Marco Costi has been named president of
stainless welded pipe and tube maker Marcegaglia USA Inc.
effective March 8, replacing David Cornelius, who remains chief
Costi is responsible for international activities at
Marcegaglia USAs parent company, Marcegaglia SpA of
Please give Mr. Costi your full support in the transition
period, and cooperate fully with the understanding of the need
to improve the performance of the company in a most urgent
manner, chief executive officer Antonio Marcegaglia said
in a message to employees.
The company did not respond to requests for further comment.
Cornelius was appointed president of Marcegaglia USA in 2007
after having been with the company for more than a decade (
amm.com, May 7, 2007
Marcegaglia USA operates a 300,000-square-foot production
facility with more than 130 workers and an annual capacity of
more than 60,000 tons, according to the Munhall, Pa.-based
Market sources suggested that the Italian parent company, a
family-owned industrial conglomerate with multiple business
units and interests in a variety of steel products, may be
looking to tighten its control of the subsidiary.