NEW YORK Optima Specialty
Steel Inc. chief executive officer Kevin Stevick is set to
resign March 29, with board chairman Mordechai Korf tapped to
Stevick also resigned from the
companys board of directors March 8, and Optima is in the
process of seeking a replacement.
Frank Archer, president of
Optima unit Niagara LaSalle Corp., Hammond, Ind., will retire
March 29. His responsibilities will be shared among
Niagaras management, a spokesman told AMM.
"As we anticipated these changes
for some time, we have taken the necessary steps to ensure a
seamless transition and sustained growth," Korf said.
In addition to his new role at
Miami-based Optima, Korf is also chief executive officer of
Calvert City, Ky.-based CC Metals & Alloys LLC (CCMA) and
Miami-based Georgian American Alloys Inc. and Felman Trading
Georgian American recently acquired CCMA from affiliate
Optima Group in exchange for shares (
amm.com, Oct. 1).