AK Steel announced Tuesday that its Board of Directors has approved the following executive promotions, effective January 1, 2016:
Jaime Vasquez has been named Vice President, Finance and Chief Financial Officer. Mr. Vasquez is currently Director, Finance. He will report to Roger K. Newport, who is currently Executive Vice President, Finance and Chief Financial Officer. As previously announced, Mr. Newport has been appointed Chief Executive Officer and a member of the Board of Directors, also effective on January 1, 2016.
Gregory A. Hoffbauer has been named Vice President, Controller and Chief Accounting Officer. He will also assume oversight of Risk Management. Mr. Hoffbauer is currently Controller and Chief Accounting Officer.
David E. Westcott has been named Vice President and Treasurer. He will also assume responsibility for Information Technology. Mr. Westcott is currently Treasurer.
Vasquez joined AK Steel in 2014 as Director, Finance with 30 years of finance, investor relations and sales management experience. Prior to joining AK Steel, he was Vice President, Chief Financial Officer for the Performance Engineered Products Group of Carpenter Technology Corporation, a specialty metals manufacturer. From 2001 to 2014 he served Carpenter Technology Corporation in positions including: Vice President, Corporate Development; President, Asia Pacific; and Vice President, Treasurer, and Investor Relations. He also served as a member of the Board of Directors of Kalyani-Carpenter Special Steels Limited.
Hoffbauer joined AK Steel in 2011 as Assistant Controller. He was named Controller and Chief Accounting Officer in 2013. Prior to joining AK Steel, he was Director of Accounting for NewPage Corporation. He served in a variety of accounting positions for Deloitte & Touche, including Audit Senior Manager and Professional Development Director. He was also Controller for Day International, Inc.
Westcott joined the company in 1980 as an Associate Accountant. He advanced to Accountant and Senior Accountant and transferred to the Treasury Department in 1989. He was named Supervisor, Accounting Services in 1994. He progressed through a number of assignments including Senior Administrator, Financial Planning, and Systems Manager and Supervisor, Accounts Payable for the Financial Planning and Analysis Department. In 2001, he was named Manager, Treasury Operations. He advanced to Assistant Treasurer in 2004, and he was named Treasurer in 2005.