United States Steel Corporation (X) - Get Report President and CEO David Burritt on Wednesday announced the appointment of Kevin P. Bradley as the steel conglomerate's Executive VP and CFO.

Bradley will be based at the company's headquarters in Pittsburgh, and will report to Burritt. 

In the position, he will manage all aspects of the company's financial enterprise, and also assist in strengthening and executing the company's strategic initiatives, including its ongoing transformation.

"We are pleased to have Kevin join our executive team here at U. S. Steel. I admire his track record of transformation and history of delivering top-notch results," Burritt said. "Kevin possesses the vast financial knowledge and strong leadership skills necessary to strengthen our balance sheet, help improve our operations and realize improvements in safety, quality, delivery and cost."

Shares of U.S. Steel were surging over 9.5% during Wednesday morning trading after reporting a second-quarter earnings beat and issuing solid guidance for the full year.

The steel company earned $1.48 a share, toppling estimates of 36 cents. Revenue of $3.14 billion exceeded consensus of $2.98 billion. For the full year, U.S. Steel anticipates earnings of $1.70 a share, above estimates of 84 cents.

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