MAIN STEEL APPOINTS KEVIN STEVICK CHIEF EXECUTIVE OFFICER

Stevick Previously Served as CEO of Optima Specialty Steel, Niagara LaSalle

Elk Grove Village, Illinois, April 12, 2016 – Main Steel, LLC (“Main Steel” or the “Company”), a leading national specialty processor and polisher of stainless steel, aluminum, and nickel alloys, announced today that Kevin Stevick has been appointed Chief Executive Officer, effective immediately. Mr. Stevick succeeds Tom Modrowski, who successfully managed the Company through a carve-out from its former corporate parent and will continue to work with the Company in a consulting role as well as serve on the Company’s Board.

Mr. Stevick joins Main Steel with over 28 years of leadership experience in the metals sector, recently serving as CEO of Optima Specialty Steel, a leading independent international manufacturer of steel products.

Peter Leibman, a Board member of Advanced Alloy Processing, Main Steel’s parent company, commented on Mr. Stevick’s appointment, stating, “Kevin Stevick is a talented industry veteran with a demonstrated track record of building strong customer relationships and growing companies in the metals sector through organic growth initiatives and strategic add-on acquisitions. We are excited to have him join the Company as Chief Executive Officer and strongly believe he will be an excellent fit for Main Steel and our strategic partners as we continue to rapidly grow the business.”

Mr. Leibman continued, “As CEO and Board member, Tom Modrowski was instrumental in transitioning Main Steel to a leading specialty metals processor and positioning the Company for long-term success. The entire Board would like to thank him for his significant efforts in building a strong foundation for growth.”

Mr. Stevick stated, “Main Steel has an unmatched reputation for providing the highest quality processing services to the specialty metals industry throughout its national network of facilities. I am excited to join the Company as CEO and to capitalize on the momentum achieved by the Company over the last year. I look forward to working with my colleagues to drive continued growth in the organization and to uphold Main Steel’s reputation as a premier service provider to the metals industry.”

Prior to his role as CEO of Optima Specialty Steel, Mr. Stevick spent 5 years as CEO of Niagara LaSalle, a leading independent international manufacturer and distributor of cold finished steel bars. Mr. Stevick has a Bachelor of Science in Systems Engineering from the United States Naval Academy in Annapolis, Maryland.

 

ABOUT MAIN STEEL
Based in Elk Grove Village, Illinois, Main Steel is a leading national specialty processor and polisher of stainless steel, aluminum, and nickel alloys, serving its customers through its four processing locations across the United States. For further information about Main Steel, please visit www.mainsteel.com.

Media Contact: Daniel Yunger
KEKST
(212) 521-4800