Canada

Alan Kestenbaum to return as chief executive of Stelco Holdings Inc.

HAMILTON - Stelco Holdings Inc. says Alan Kestenbaum will return as the company’s chief executive.

Kestenbaum will return to the job effective Feb. 21.

He will replace David Cheney, who is stepping down and returning to Bedrock Industries.

Kestenbaum previously served as Stelco’s chief executive from the closing of Stelco’s initial public offering in November 2017 until February 2019.

He is currently acting as Stelco’s executive chairman.

Stelco went into creditor protection in 2004 and was sold as a subsidiary to U.S. Steel Co. in 2007, then went back into creditor protection in 2014 before being sold to Bedrock Industries L.P. in late 2016.

This report by The Canadian Press was first published Jan. 27, 2020.

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