New Operating Model and Leadership Changes at U.S. Steel

U.S. Steel unrolled a new operating model on Tuesday that is expected to deliver $200 million of annual fixed cost savings by 2022. The new model includes a realignment of the company’s leadership team. The changes will be effective Jan. 1, 2020, and closely follow the recently announced investment in Big River Steel.

“Our enhanced leadership team structure is the right next step to help U.S. Steel achieve its ambitious strategy to create the leading integrated and minimill steel company with a world competitive, ‘best of both’ footprint to better serve our customers,” said U.S. Steel President and CEO David Burritt. “We are intensely focused on improving our capabilities to win in strategic markets, reducing structural costs with a leaner footprint and attracting and investing in the best talent that share our S.T.E.E.L. Principles. We have been investing in building a footprint of world-class assets and with today’s announcement we will become a more focused, agile organization with a world-class leadership team ideally structured to capitalize on market opportunities and position us for success.”