Stelco CFO cites family reasons for stepping down

Stelco Holdings Inc. announced that Don Newman, Chief Financial Officer, will step down effective January 5 for family reasons.
Alan Kestenbaum, Stelco’s executive chairman noted, “Don ably performed his functions during his tenure with the organization and we wish him much success in the future”.
Roy Collins, vice-president, internal audit, will be assuming the role of interim CFO.
Collins joined Stelco’s accounting department in 1988 and has served in a variety of capacities including General Manager, Internal Audit & Financial Compliance and Corporate Controller.
Stelco has engaged an executive search firm to assist in recruiting a new CFO.