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Mark Vassella Announced As New CEO

August 29, 2017

MARK VASSELLA ANNOUNCED AS NEW CEO TO SUCCEED RETIRING 
PAUL O’MALLEY ON 1 JANUARY 2018

 

 

Today BlueScope announces the appointment of Mark Vassella as its new Managing Director & CEO from 1 January 2018, after Paul O’Malley announced his retirement effective 31 December 2017.

 

Mark joined BlueScope in 2007, and is currently Chief Executive BlueScope Australia and New Zealand.  He started in the steel industry as a cadet at BHP Newcastle in NSW, in the early 80s, and has worked through the ranks, in a range of general management and leadership roles in Australia, the UK and the US.

 

The Company is noted for the strength of its management team and after a rigorous international and domestic selection process, the Board was very pleased to be able to select Mark from a very strong internal pool. 

 

Thanks to your support, BlueScope is delivering well on its strategy, with strong momentum throughout the Company, and a clear focus on improving returns and driving growth. 

 

Mark will lead from the front, and his priority now is to keep delivering on the strategy, and build on our recent performance and successes. 

 

Mark has been a key part of the development of our strategy, and in Australia and New Zealand has led our 8,000 strong workforce in manufacturing and distribution through a major restructure of the business. He has overseen the return of the Australian business to profitability, and was instrumental in the 2015 decision to continue operations at Port Kembla in Australia, and at Glenbrook in New Zealand.  

He has run all BlueScope’s buildings businesses in North America, leading the integration of our acquisitions and sat on the Board of North Star (the leading mini-mill in North America).  He has delivered outstanding performance and will make a significant contribution as global leader of this great Company.

 

BlueScope is in a very good position, and the Board and I are confident in the strength of the internal management capability, with the support of all employees, to take advantage of the opportunities ahead.

 

Paul has been an outstanding leader for more than ten years and the Company owes him a great debt of gratitude for his strength of vision and purpose as leader. His focus on safety, and on the essential turnaround and transformation of the Company in the decade after the global financial crisis showed leadership of the highest order. He retires with the warmest thanks and best wishes of the Board and – I’m sure you will agree - all BlueScope employees. 

 

In the coming months, many of you will have the opportunity to farewell Paul, and to welcome Mark into his new role.

 

Regards

 

John Bevan, Chairman

 

 

 

 

 

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