Brazil-based steelmaker Gerdau has appointed Gustavo Werneck its new chief executive officer, effective Jan. 1, 2018. Werneck currently is the executive director of operations in Brazil and has previously held a variety of roles at the company, including the corporate director of information technology and industrial director of Gerdau in India.
Werneck will replace current CEO André Gerdau Johannpeter, who will remain part of the company’s board of directors.
“We are confident of the differentiated management skills and adherence of Gustav Werneck to Gerdau’s new corporate culture,” Johannpeter says. “In all its positions, always focused on results, Werneck won important challenges, leveraged results and built high performance teams from Gerdau Johannpeter family, we understand that we have built an important legacy in the direct management of the business, consolidating the company as a leader in long and special steel in the Americas, in addition to marking the entry into the segment.
He continues, “Over the last few years, in the face of the global challenges of the industry, we have reverted to positive results, optimized assets, implemented an unprecedented digital innovation in the steel industry and modernized the company’s culture. Starting in January 2018, we will leverage our executive experience to further focus on defining Gerdau’s medium and long-term strategies to generate value for our stakeholders and support our executives in the implementation process.”
Werneck adds, “It is a great honor to take on the challenge of leading a company with the history, size [and] quality of its team and the culture of Gerdau. In taking on the new position, our focus will be to continue and accelerate the transformations that the company has been going through in recent years, seeking to increase the profitability of our operations and generate more value for our shareholders.”
The company says it will focus the rest of 2017 to the transition of new governance “to ensure the smoothness of the process, as well as subsequent definitions in the company’s executive functions and processes.”
Gerdau is a leader in the long steel segment in the Americas and one of the world’s leading suppliers of specialty steels. In Brazil, the company also produces flat steel and iron ore, activities that increase the mix of products offered to the market and the competitiveness of operations. In addition, the company says it is the largest recycler in Latin America, and worldwide it transforms millions of tons of steel scrap annually.
Gerdau has more than 100 locations in North America and employs approximately 9,000 people in the United States and Canada.
Werneck will replace current CEO André Gerdau Johannpeter, who will remain part of the company’s board of directors.
“We are confident of the differentiated management skills and adherence of Gustav Werneck to Gerdau’s new corporate culture,” Johannpeter says. “In all its positions, always focused on results, Werneck won important challenges, leveraged results and built high performance teams from Gerdau Johannpeter family, we understand that we have built an important legacy in the direct management of the business, consolidating the company as a leader in long and special steel in the Americas, in addition to marking the entry into the segment.
He continues, “Over the last few years, in the face of the global challenges of the industry, we have reverted to positive results, optimized assets, implemented an unprecedented digital innovation in the steel industry and modernized the company’s culture. Starting in January 2018, we will leverage our executive experience to further focus on defining Gerdau’s medium and long-term strategies to generate value for our stakeholders and support our executives in the implementation process.”
Werneck adds, “It is a great honor to take on the challenge of leading a company with the history, size [and] quality of its team and the culture of Gerdau. In taking on the new position, our focus will be to continue and accelerate the transformations that the company has been going through in recent years, seeking to increase the profitability of our operations and generate more value for our shareholders.”
The company says it will focus the rest of 2017 to the transition of new governance “to ensure the smoothness of the process, as well as subsequent definitions in the company’s executive functions and processes.”
Gerdau is a leader in the long steel segment in the Americas and one of the world’s leading suppliers of specialty steels. In Brazil, the company also produces flat steel and iron ore, activities that increase the mix of products offered to the market and the competitiveness of operations. In addition, the company says it is the largest recycler in Latin America, and worldwide it transforms millions of tons of steel scrap annually.
Gerdau has more than 100 locations in North America and employs approximately 9,000 people in the United States and Canada.
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