Stelco logoClick image to enlargeStelco Holdings Inc. has appointed Paul Scherzer to chief financial officer, effective March 16, 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

Steel tubular product firm helps rebuild trade school in Haiti

Atlas Tube, a division of JMC Steel Group, has donated 16 tons of steel hollow structural sections (HSS) to help rebuild L’Ecole Lakay, a trade school located in Haiti that was severely damaged in the 2010 earthquake.

EXRO building new EV parts plant in Calgary

Exro Technologies Inc., a Calgary-based clean technology company, is building a new facility in Calgary which will be equipped for automotive-class manufacturing.

Lincoln, PypeServer announce partnership

Lincoln Electric and PypeServer Inc. have announced a partnership under which all newly-sold MPM pipe profilers from Lincoln’s Vernon Tool division will come standard with PypeServer software.

Mazak smart factory concept exceeds ISO standards

The recent ISO recertification of Mazak Corp.'s Florence, KY, manufacturing operations, comes on the heels of the company's adoption of a new manufacturing concept it calls "iSMART Factory."

Renishaw breaks ground on new NA headquarters

Renishaw has broken ground on its new  12,356 sq m (133,000 sq ft) facility in West Dundee, IL, which will become the company's North American headquarters. The facility is slated for completion in June 2016.

Walter Surface Technologies launches internship program

Walter Surface Technologies has launched a national internship program for business and engineering students. "Next To Succeed" is an extension of a Quebec based internship program the company launched last year, "Objectif Releve."

Haas donates $25,000 to BC technology institute

The Gene Haas Foundation has donated US $25,000 in scholarship funding to the British Columbia Institute of Technology (BCIT). Paul Krainer, onwer and president of Thomas Skinner and a Haas Factory Outlet, presented the scholarship.

Bystronic adds to Quebec team

Bystronic Canada has announced the appointment of Ed Bonarek as Direct Sales Engineer for Western Quebec, headquarterd in Montreal.

World’s largest single piece 3D printed rocket engine

SLM Solutions says that Orbex has built the world’s largest metal rocket engine in a single piece on its SLM800 selective laser melting machine.

Can oil hit $100? Where prices are headed in 2019

Scotiabank’s Rory Johnston talks to the Financial Post’s Larysa Harapyn about the likelihood of oil reaching the $100 dollar threshold – and what it will take to get there.

New Algoma Steel facility to make advanced grades of steel

Algoma Steel is celebrating the first arc at its second ladle metallurgy facility.

Mike Whitehead new president at Lincoln Electric Canada

Mike Whitehead has been appointed president of Lincoln Electric Canada effective January 1, 2015. He succeeds Joseph G. Doria, who has retired as president and CEO of the company.

MAG Group gets new owner, Fair Friend Group

MAG Group is now part of the Fair Friend Group. While the purchase price was not disclosed FFG's machine tool division is expected to generate annual sales of more than US $2.3 billion, including MAG Group figures.

FABTECH Canada: Manufacturing glamour

Think manufacturing is only a get-down-and-dirty kind of business? Manufacturing has come a long way from past images, transforming into what is today a high-tech, leading-edge industry with plenty of job opportunities. That's the message of organizers of FABTECH Canada, the country's largest and only exclusive metal forming, fabricating, welding, stamping, coating and finishing event, which takes place March 18-20 at the Toronto Congress Centre.

Securing financing for your business

Your Business is a regular column from Shop Metalworking Technology.

by Tim Wilson

One of the biggest challenges facing job shops in Canada is securing the right financing.

Stay In Touch

twitter facebook linkedIn