CANTON,
Ohio, Nov. 2, 2022 /PRNewswire/ -- TimkenSteel
Corp. (NYSE: TMST) – The board of directors of TimkenSteel
Corporation today elected Mary Ellen
Baker, retired executive vice president and head of business
services for Citizens Bank, and Nick Chirekos, retired managing
director, North America head of
mining for J.P. Morgan, as new independent directors. They join
nine directors currently serving on the TimkenSteel board.
"Both are exceptional leaders, and their proven expertise in
technology, cybersecurity, business transformation, investment
banking, capital markets and mergers and acquisitions aligns well
with TimkenSteel's strategic priorities for growth and complements
the board's shared knowledge and experience in several key areas of
emphasis," said Ron Rice, chairman
of TimkenSteel's board. "We are fortunate to have Mary Ellen and Nick further strengthen our board
and look forward to their insights."
Baker is a retired banking executive with deep experience in
leading technology and operations teams as well as managing major
organizational change. She has successfully facilitated large-scale
technology transformations, merger integrations, and her knowledge
of operations, cybersecurity, data & analytics has supported
corporate growth. She most recently served as executive vice
president and head of business services for Citizens Bank, where
she was recognized by American Banker's Most Powerful Women as a
standout in her field. Previously, Baker was executive vice
president of enterprise services at PNC Financial Services Group,
Inc.. She holds a bachelor's degree in business administration from
Western Michigan University.
Chirekos has an extensive background in investment banking and
capital markets, with a focus on the mining industry. He served in
various investment banking roles at J.P. Morgan Securities
Inc., most recently as the managing director, North America head of mining. Prior to that,
he served as the global head of mining and metals. Chirekos has
established himself as a trusted strategic advisor to senior
leadership and brings extensive expertise in mergers and
acquisitions as well as equity and debt transactions. He received a
master of business administration in finance and international
business from New York University's
Stern School of Business and a bachelor's degree in business
administration from the University of
Denver.
ABOUT TIMKENSTEEL
CORPORATION
TimkenSteel (NYSE: TMST) manufactures high-performance carbon
and alloy steel products from recycled scrap metal in Canton, OH, serving demanding applications in
mobile, energy and a variety of industrial end markets. The company
is a premier U.S. producer of alloy steel bars (up to 16 inches in
diameter), seamless mechanical tubing and manufactured components.
In the business of making high-quality steel for more than 100
years, TimkenSteel's proven expertise contributes to the
performance of our customers' products. The company employs
approximately 1,725 people and had sales of $1.3 billion in 2021. For more information,
please visit us at www.timkensteel.com.
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SOURCE TimkenSteel Corp.