Six new members added to Algoma Steel Group board of directors

SAULT STE. MARIE, ONT.—Sault Ste. Marie, Ont.-based Algoma Steel Group Inc., a producer of hot and cold rolled steel sheet and plate products, added six new directors to its board following the closing of Algoma’s business combination with Legato Merger Corp.

In connection with the transaction, in addition to Andrew Harshaw (chair), Andrew Schultz and Michael McQuade, new directors Mary Anne Bueschkens, Gale Rubenstein, and James Gouin were added to Algoma‘s board, indicates a release, adding former Legato representatives David Sgro and Eric Rosenfeld and former Legato chairman Brian Pratt also joined the Algoma board.

All of the Algoma directors, other than McQuade, Algoma’s CEO, are independent.

The new board members’ credentials include:

• Bueschkens is a business executive, attorney and has held progressive roles as general counsel, president, CEO, and vice-chair of the board of directors and member of the Nominating and Governance Committee of ABC Technologies Inc.
• Rubenstein is an experienced board director with expertise in corporate pensions and regulatory matters, corporate governance, restructuring and crisis management. She has spent the last 40 years of her career with Goodmans LLP, including as a partner in the firm since 1986.
• Gouin served as president, CEO and a member of the board of directors of Tower International, Inc.
• Sgro is a managing director of Crescendo Partners, L.P., an investment firm, and director of research of Jamarant Advisors.  
• Rosenfeld has been the president and CEO of Crescendo Partners, L.P. since 1998.  He also serves as lead independent director of Primo Water Corp, as a director and chairman emeritus of CPI Aerostructures, Inc. and as a director of Aecon Group Inc. and Pangaea Logistics Solutions.
• Pratt served as chairman of Primoris Services Corp from July 2008 until May 2019 and as a director from July 2008 to February 2020.

 “It is important that we deliver on our public company expectations by assembling the level of leadership and governance required to meet the demands of the rapidly evolving North American steel industry,” remarked Michael McQuade.

“Our new board members bring critical expertise and diversity to the team.”