BlueScope Steel Ltd (ASX:BSL) has announced senior management changes, and, plans to merge three existing business units into a single Australia and New Zealand business.
CEO Noel Cornish will step down from the company’s steel manufacturing businesses and join the board of the North Star BlueScope Steel joint venture.
The current president of BlueScope North America, Mark Vassella, has been appointed as the CEO of BlueScope Australia and New Zealand.
Managing director Paul O'Malley says the new business will deliver improved sales and marketing with better customer service.
Mr O'Malley says the merger is a response to the needs of Bluescope’s customers and the macro-economic forces at play in the steel sector, such as a strong Australian dollar.
BlueScope Steel booked a net loss of $49.2 million in the six months to 31 December 2010.
