Stelco names new CFO
- March 9, 2020
"Paul's addition to our team adds more than two-decades of steel-related financial, investment banking and capital markets experience. This, coupled with his financial acumen and executive experience, make him a valued addition to our organization as we go forward to our next chapter," stated Alan Kestenbaum, executive chairman and CEO of Stelco Holdings.
“Paul will provide the financial leadership to guide Stelco through the next chapter of our growth and ensure that the value we create is recognized by our stakeholders. Having known Paul for more than 10 years I know that Paul will work tirelessly to implement the strategic vision for our business and continue to build upon the company's success to date. I, together with the Board of Directors and the leadership team at Stelco, welcome him."
Roy Collins, Stelco’s vice-president, internal audit, acted as interim CFO for the last several months.
Scherzer was born and raised in Montreal, and in 1995 graduated from the University of Western Ontario's Ivey Business School. Prior to joining Stelco, he spent almost 25 years as a metals and mining investment banker with progressive roles focusing on the steel industry, including over 17 years with Credit Suisse in New York and Toronto, including as Head of Americas Metals & Mining, and most recently heading the Industrial Materials & Services team in the investment banking group of BNP Paribas in New York.
"I am very excited to join Stelco, with its strong balance sheet and well-invested asset base, at this stage in its growth and look forward to working closely with Alan Kestenbaum and the highly talented executive team in furthering the financial and strategic development of the company," Scherzer said.
for more information, visit Stelco's website