Olympic Steel Recognizes 50th Anniversary of Executive Chairman Michael Siegal
2024年6月12日 - 9:30PM
ビジネスワイヤ(英語)
Company celebrates 70 years in business and
ongoing growth
Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals
service center, today recognized two significant milestones in the
Company’s history — the 50th anniversary of Executive Chairman,
Michael D. Siegal, and the Company’s 70th year in business.
Olympic Steel began in 1954 as a steel distribution partnership
between two brothers, Sam Sigel and Sol Siegal. The business, an
initial joint investment of $17,000, was run from a rented
warehouse in Cleveland, Ohio.
In 1974, Sol’s son, Michael Siegal, joined the business,
assuming the role of Chief Executive Officer in 1984. Ten years
later, Olympic Steel went public on Nasdaq, under the stock symbol
ZEUS — a nod to the mythological Greek god who dwelled on Mount
Olympus and a play on the Company’s name.
The company grew quickly after becoming public via acquisitions,
greenfield operations and organic growth from new product lines and
service offerings. In 2019, Michael Siegal became Executive
Chairman of Olympic Steel’s Board of Directors. Over the years, he
has turned the $17,000 investment made by his father and uncle into
a more than $1 billion metals service center with facilities
operating across North America.
“The organization is vastly different from when the Siegal
family opened the business seventy years ago,” said Andrew S.
Greiff, President & Chief Operating Officer. “We’ve grown far
beyond the distribution of carbon steel to offer a wide range of
metals products and value-added fabrication services. Michael’s
father and uncle built a great foundation, and Michael’s vision and
leadership helped propel us to the trusted family of metals and
manufacturing brands Olympic Steel is today.”
“What a remarkable legacy,” said Richard T. Marabito, Chief
Executive Officer, who is celebrating 30 years with the Company
this year. “Michael’s leadership has shaped the organization and
our culture, as he has influenced Olympic Steel’s Core Values and
mentored many of us leading the enterprise today. He has also been
a role model for corporate and global citizenship with his
philanthropic work around the world. We’re pleased to recognize his
many achievements as we celebrate both Michael’s significant career
milestone and this special moment in the history of the Company he
committed his life to building.”
Michael Siegal currently serves as the president of the Maccabi
World Union and is on the board at Twin City Fan Companies, LTD.
Since 2014, he has also served on the Board of Directors of the
Development Corporation of Israel and Chairs the Jewish Agency for
Israel. He previously served on the Board of Directors of the
Cliffs Natural Resources Inc., the Metals Service Center Institute
(MSCI), University Hospitals of Cleveland and the Rock and Roll
Hall of Fame and Museum. He also previously served as the Board
Chair of the Jewish Federation of North American and the Jewish
Federation of Cleveland.
About Olympic Steel
Founded in 1954, Olympic Steel (NASDAQ: ZEUS) is a leading U.S.
metals service center focused on the direct sale and value-added
processing of carbon and coated sheet, plate, and coil products;
stainless steel sheet, plate, bar and coil; aluminum sheet, plate
and coil; pipe, tube, bar, valves and fittings; tin plate and
metal-intensive end-use products, including water treatment
systems; commercial, residential and industrial venting and air
filtration systems; Wright® brand self-dumping hoppers; and
EZ-Dumper® dump inserts. Headquartered in Cleveland, Ohio, Olympic
Steel operates from 47 facilities.
For additional information, please visit the Company’s website
at www.olysteel.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240611004665/en/
Michelle Pearson-Casey Vice President, Corporate Communications
& Marketing (216) 292-3800
Olympic Steel (NASDAQ:ZEUS)
過去 株価チャート
から 11 2024 まで 12 2024
Olympic Steel (NASDAQ:ZEUS)
過去 株価チャート
から 12 2023 まで 12 2024