CANTON, Ohio, Nov. 13, 2019 /PRNewswire/ -- The board of
directors of TimkenSteel Corporation (NYSE: TMST), appointed
Leila Vespoli, retired executive
vice president of corporate strategy, regulatory affairs and chief
legal officer of FirstEnergy Corp., as a new independent
director.
"Leila is a proven strategic business leader who brings a
diverse and important set of business skills, experience and
knowledge to our board," said John P.
Reilly, chairman of TimkenSteel. "In her most recent role,
she led the planning process to develop FirstEnergy's long-term
strategy, financial forecasts and led two mergers and played an
integral role in guiding a $7 billion
transformational restructuring process. Her financial expertise and
experience in regulatory, investor and M&A activities are
extremely beneficial to the company's business as well as the
board's depth."
Vespoli is a member of the board of directors of Dollar Bank and
Dollar Mutual Bancorp, where she serves on the audit and enterprise
risk committees. She previously served as vice-chair of the board
of Summa Health, where she chaired the health system's compensation
committee and served on its audit and compliance committee. Vespoli
also has played an active role in the nonprofit community,
currently serving on the boards of Playhouse Square in Cleveland and the University of Akron Foundation, and previously
serving as the chair of the FirstEnergy Foundation. She has a juris
doctor degree from Case Western Reserve
University and a bachelor's degree in business economics
from Miami University.
About TimkenSteel Corporation
TimkenSteel (NYSE: TMST,
timkensteel.com) creates tailored steel products and services for
demanding applications, helping customers push the bounds of what's
possible within their industries. The company reaches around the
world in its customers' products and leads North America in large alloy steel bars (up to
16 inches in diameter) and seamless mechanical tubing made of its
special bar quality (SBQ) steel, as well as supply chain and steel
services. TimkenSteel operates warehouses and sales offices in five
countries and has made its steel in America for more than 100
years. In 2018, the company posted sales of $1.6 billion and also achieved its safest year on
record. Follow us on Twitter @TimkenSteel and on Instagram.
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SOURCE TimkenSteel Corporation