Ryerson Holding Corporation Announces Executive Changes, Effective January 3, 2020
December 11, 2019 at 04:27 pm EST
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Ryerson Holding Corporation announced Erich S. Schnaufer, Chief Financial Officer is leaving the Company and stepping down from all positions with the Company and its subsidiaries, effective January 3, 2020. Mr. Schnaufer will receive the severance benefits under his employment agreement applicable to terminations without cause. Effective as of January 3, 2020, the Board of Directors of the Company has appointed Molly Kannan, the Company's Corporate Controller, as Corporate Controller and Chief Accounting Officer Ms. Kannan has been serving as the Company's Corporate Controller since 2015.
Prior to Ms. Kannan's appointment as Corporate Controller, she served the Company as Director of Financial Reporting from 2013 until 2015.
Ryerson Holding Corporation is a value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. The Company carries a full line of carbon steel, stainless steel, alloy steels, and aluminum, and a limited line of nickel and red metals. These materials are stocked in a number of shapes, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing. The Company also provide a variety of processing services to meet its customerâ s needs. It also conducts metal processing and distribution operations in China. It has approximately 110 facilities in North America and four facilities in China. The Company offers various value-added processing and fabrication services, such as bending, beveling, blanking, blasting, burning, cutting-to length, drilling, embossing, flattening, forming, grinding, laser cutting, machining, notching, painting, perforating, polishing, punching, rolling, and sawing.