BlueScope Chairman to retire

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Image credit: BlueScope Steel

Flat product steel producer BlueScope Steel has announced that Mr John Bevan will replace Chairman Graham Kraehe AO who will leave the company on 19 November 2015.

Image credit: BlueScope Steel
Image credit: BlueScope Steel

“It has been a great privilege to work with the global BlueScope team. While it has been a tough ride in recent years, I have nothing but admiration for the dedication to safety and quality that all BlueScope people share. We have built a world class platform of assets with leading edge technology and brands,” said Mr Kraehe in an ASX Announcement.

“I will hand over to John Bevan following the AGM, knowing the Company is in excellent hands to meet the challenges of the future. I know John Bevan will do an excellent job and he will be working with an outstanding Board and management team. Shareholders can feel confident that BlueScope is very well led and on the right track.”

Mr Kraehe is leaving BlueScope after spending 13 years with the company. He was appointed inaugural Chairman after BlueScope demerged from BHP Billiton in 2002.

“Graham has been a great conviction businessman, passionately arguing for economic reform to improve Australia’s overall competitiveness. He has led some great Australian companies, and as Chairman of BlueScope he led the Board and management through some difficult times, and major restructuring which has returned the Company to profitability post the global financial crisis. All of us wish him well in his retirement,” said Mr Bevan who is currently a non-executive director of BlueScope.