U.S. Steel CFO to leave post this year

32555 us steel cfo to leave post this year

U.S. Steel Corp. X, +6.35% said late Tuesday that Chief Financial Officer Christine S. Breves intends to leave the company this year, after nine years of service. Breves will continue to serve as CFO while the steel maker searches for a permanent replacement, the company said. Breves has agreed to stay on the whole year, however, as an executive vice president to support the company’s strategies. “We have too much important work before us not to take full advantage of her capabilities. That’s why I’m so pleased that Christie elected to remain for the full year and our Board of Directors agreed to elevate her to Executive Vice President,” Chief Executive David B. Burritt said in a statement. Breves joined U.S. Steel in 2013 as chief procurement officer and led the company’s financial and procurement teams since 2019. Shares of U.S. Steel dropped 0.7% in the extended session Tuesday after ending the regular trading day up 6.4%.

Source: Marketwatch

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