Last updated on April 23, 2014 at 1:22 EDT

Essar Steel Algoma Inc. Announces CEO Resignation

October 29, 2012

SAULT STE. MARIE, ON, Oct. 29, 2012 /PRNewswire/ – Essar Steel Algoma Inc.
announced today that Mr. James Hrusovsky, Chief Executive Officer has
tendered his notice of resignation to be effective November 1, 2012. 
He will also resign as a Director of the Company.

Mr. Kalyan Ghosh, Chief Commercial Officer, has been appointed Chief
Executive Officer of the Company on an interim basis.

Mr. Prashant Ruia, Essar Group Director and Chairman of the Essar Steel
Algoma Board of Directors said “On behalf of Essar Steel Algoma, I
would like to thank Jim for his leadership and contributions to the
Company.  He improved productivity and production levels and achieved
excellent health and safety performance to successfully position Algoma
going forward. We wish him every success in his future endeavours.”

Essar Steel Algoma Inc. is based in Sault Ste. Marie, Ontario.  Revenues
are derived primarily from the manufacture and sale of rolled steel
products, including hot and cold rolled sheet and plate.

SOURCE Essar Steel Algoma Inc.

Source: PR Newswire