The incoming chief executive of BlueScope Steel, Mark Vassella, says he's unruffled by a $1.7 billion share price rout on the day he was announced as the new boss, and that volatility has always been a hallmark of the steel industry.
BlueScope's chief executive Paul O'Malley is stepping down after 10 years in the job to replaced by the company's Australasian boss in Mr Vassella, who said on Monday some perspective was needed because it was only a few years ago the sharemarket was worried about the survival of the entire company.
Loading...
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
