GARY | United States Steel Corp., the company that built the city of Gary and was once the largest corporation in the world, has a new leader.
The U.S. Steel board of directors voted Friday to promote president Mario Longhi to the role of chief executive officer. On Sept. 1, He will succeed John Surma, who had been CEO since 2004.
Surma will retain the position of executive chairman through the end of the year, when he will retire from the Pittsburgh-based company and its board of directors, according to a news release.
"Mario is an experienced CEO, and we have benefited from his strong leadership as we position our company for the future," Surma said in a statement.
"In the tradition of the U.S. Steel CEOs who have preceded me in the last 112 years, I am pleased to turn the leadership of our company over to Mario, who has earned the respect and trust of our board and our employees, our customers and our investors, and is ready for this important challenge."
The succession has been in the works. Longhi has been leading Project Carnegie, an effort to transform the company's operations and make it more profitable.