Olympic Steel Announces Management Promotions To Support Strategic Growth

CLEVELAND, Oct. 1, 2013 (GLOBE NEWSWIRE) -- Olympic Steel, Inc. (Nasdaq:ZEUS), a leading national metals service center, today announced several management promotions to support the Company's strategic growth.

Raymond Walker was appointed to the newly created position of President and Chief Operating Officer—Flat Rolled. Mr. Walker has been with Olympic Steel since 1986, serving in management positions with increasing responsibility. Most recently he served as Sr. Vice President—Eastern Region. In his new role, he will be responsible for the daily operations of the Company's flat rolled business and will continue to report to David Wolfort, Olympic Steel's President and Chief Operating Officer.

Mr. Walker is a member of the American Society of Metals (ASM) and the Metals Service Center Institute (MSCI). He is also the past treasurer and president of the Northern Ohio Chapter of the MSCI and presently serves on the MSCI's Flat Rolled Council. Mr. Walker has a Bachelor of Science degree in Metallurgy from Grove City College and a Master of Business Administration degree from Youngstown State University.

John Mooney was promoted to Vice President—Eastern Region, where he will assume responsibility for overseeing the Eastern Region's Flat Rolled business and will report to Ray Walker. Mr. Mooney started with the Company in 1989 and has held positions including Regional Sales Manager, General Manager—Cleveland and, most recently, Vice President and General Manager—Mid States. He is a U.S. Army veteran and earned his Bachelor of Science degree in Business Administration and Marketing from Philadelphia University. He is a past president and active member of the Northern Ohio Chapter of the MSCI.

Jeremy Thiessen was appointed to the newly created position of General Manager—Mount Sterling, Ky. Mr. Thiessen will oversee the growing operations of the Company's two facilities in Mount Sterling and will continue to report to John Mooney. Mr. Thiessen joined Olympic Steel in 1995, progressing through a variety of roles in the Cleveland division with increasing responsibility, including Safety Manager, Inventory Control Manager, Operations Manager and Purchasing Manager. He earned his Bachelor of Arts degree in Operations Management from Kent State University.

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