1. Larry Norred appointed as General Manager for Buford and Winder facilities. 2. Norred has over 30 years' experience in the steel industry. 3. He previously expanded customer reach at KGS Steel. 4. Norred's role focuses on operations and commercial strategy. 5. Olympic Steel aims for safe, profitable growth under his leadership.
The appointment of a seasoned leader like Norred could enhance operational efficiency and growth. This mirrors past scenarios where leadership changes positively influenced company growth trajectories.
The news highlights a strategic hire that may directly influence ZEUS's operational success, thereby impacting stock performance. Increased operational efficiency and market share can lead to revenue growth and positively affect stock market sentiments.
Leadership changes, especially with a proven track record, usually yield long-term benefits as strategies are implemented. Historical data shows companies exhibiting improved performance over time following strong leadership adjustments.
Olympic Steel Inc. (NASDAQ:ZEUS), a leading national metals service center, today announced the appointment of Larry N. Norred, Jr. to the role of General Manager for its Buford (fabrication) and Winder (metal processing) facilities in Georgia.
Mr. Norred brings more than three decades of leadership experience in the steel industry, successfully guiding organizations through growth, diversification and operational excellence. Most recently, he served as General Manager of KGS Steel, Inc., where he oversaw significant expansion in the customer base, geographic reach and value-added processing. Prior to KGS, he held senior leadership roles at Service Steel and Pipe, Inc. and Astralloy Steel Products, Inc.
In his new role with Olympic Steel, Mr. Norred will be responsible for daily operations, commercial strategy and overall performance of the Buford and Winder facilities. He will report to David J. Gea, President – Carbon Flat Rolled.
"Larry is a proven leader with a strong track record of building high-performing teams, expanding market share and delivering consistent results," said Gea. "His industry expertise and commitment to continuous improvement will support Olympic Steel's ongoing strategy for safe and profitable growth."
Mr. Norred earned his Bachelor of Arts degree in Economics with minors in Finance and Accounting from Auburn University. A retired Lieutenant Colonel with 42 years of service in the United States Army (Reserve), Mr. Norred is a decorated combat veteran with multiple leadership assignments, including Battalion and Brigade Command.
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 steel 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; stainless steel bollards; commercial, residential and industrial venting and air filtration systems; Wright® brand self-dumping hoppers; metal canopy components; and EZ-Dumper® dump inserts. Headquartered in Cleveland, Ohio, Olympic Steel operates from 54 facilities.
For additional information, please visit https://www.olysteel.com.
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Michelle Pearson-Casey
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