Olympic Steel Inc. (Nasdaq: ZEUS),a leading national metals service center, today announced the promotion of Francis M. (Frank) Ruane to the role of Executive Vice President - Supply Chain.
Mr. Ruane will report directly to Andrew S. Greiff, President and Chief Operating Officer, and continue to lead Olympic Steel's supply chain efforts and manage the Company's distribution and proprietary fleet.
"Frank's expertise in supply chain, distribution, inventory management and routes to market have played an important role in Olympic Steel's commercial planning and business strategy," said Greiff. "His careful assessment of the current and future value of metals products in U.S. and global markets has been invaluable to our commercial teams and enabled us to provide effective insights and market education to our customers and industry partners."
Mr. Ruane entered the industry in 1985, achieving roles of increasing responsibility before joining Olympic Steel in 1998. Prior to his current appointment, he held the positions of Director - Corporate Purchasing and Materials Management and, most recently, Vice President - Purchasing.
Mr. Ruane earned his undergraduate degree from the University of Maryland and his Masters of Business Administration from Loyola University. Mr. Ruane is a member of the Market Research Committee for the Metals Service Center Institute (MSCI) and is a past Communications Chair (Steel Buyers Forum) for the National Association of Purchasing Management.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company's CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 30 facilities in North America.
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