David Boyd Burritt (born c. 1955) is an American businessman. He has been the chief executive officer of U.S. Steel since May 2017.[2]
David Burritt | |
|---|---|
 Burritt in 2024 | |
| Born | David Boyd Burritt 1954 or 1955 (age 69–70)[1] |
| Alma mater | Bradley University University of Illinois at Urbana–Champaign |
| Occupation | Businessman |
| Title | CEO, U.S. Steel |
| Term | May 2017- |
| Predecessor | Mario Longhi |
| Board member of | Lockheed Martin (since 2008) |
| Spouse | Lynn Burritt |
Early life
editBurritt was born in St. Louis, Missouri.[3] He earned a bachelor's degree in accounting in 1977 from Bradley University in Peoria and a master's degree in business administration from the University of Illinois at Urbana–Champaign in 1990.[3]
Career
editBurritt worked for Caterpillar for 32 years, before joining U. S. Steel in 2013 as CFO.[4]
In February 2017, he became president and chief operating officer.[3] In May 2017, it was announced that Burritt would succeed Mario Longhi as CEO.[4][3]
In March 2018, Burritt announced U. S. Steel would restart its previously idled plant in Granite City, Illinois and workers would return.[5][6]
In November 2018, Burritt led the ratification of a new four-year contract with United Steelworkers.[7]
Burritt announced in January 2021 that U. S. Steel had completed its acquisition to acquire full ownership of Big River Steel for $774 million as part of a plan to create “the first ‘Best of Both’ integrated and mini-mill steel company.” This came following an initial investment announced by Burritt of $700 million in October 2019 which at that time gave the Company a 49.9 percent ownership stake in the company.[8][9]
In April 2021, Burritt set a goal for U. S. Steel to achieve carbon neutrality by 2050 in support of the Paris Agreement and said “U. S. Steel intends to be a part of the climate solution.” This built on the previous target to reduce greenhouse gas emissions intensity by 20% by 2030.[10]
In April 2022, Burritt announced that Big River Steel Mill was the first ResponsibleSteel site certified in North America and said, “This marks an important milestone on our journey to build a more sustainable future for our customers, company, colleagues, communities and the planet.”[11]
Burritt announced in early 2022 a $60 million investment at its Gary Works, Indiana, facility to install a pig iron caster that will grow production of pig iron.[12]
Burritt announced in September 2022 that U. S. Steel had sold green bonds and would be using revenue from the bonds to put toward the construction of its Big River 2 facility in Osceola, Arkansas, with an expected completion in 2024.[13]
In October of 2022, Burritt led an investment of $150 million to build a direct-reduced-grade pellet plant at its Keetac iron ore mining and pellet processing facility in Keewatin, Minnesota.[14]
In December 2022, Burritt worked with members of the United Steelworkers union to ratify a four-year contract that would cover 11,000 workers at 13 U. S. Steel locations and included a $4,000 bonus.[15]
Affiliations
editBurritt has been on the Lockheed Martin board of directors since 2008.[16] In October 2018, he joined the board of directors of the National Safety Council.[17] As of October 2021 he is on the executive committee of the World Steel Association board of directors, and is a member on The Business Council.[18][19]
Personal life
editBurritt has a wife, Lynn.[20]
References
edit- ^ SEC. "United States Steel Corp 2013 Current Report 8-K". SEC.report. Retrieved 2021-03-02.
- ^ "David Burritt named US Steel president, Mario Longhi remains as ceo | Metal Bulletin.com". www.metalbulletin.com. Retrieved 2020-01-28.
- ^ a b c d "Leadership Detail - www.ussteel.com". www.ussteel.com. Retrieved 2021-02-08.
- ^ a b Team, Trefis. "A New CEO Is Unlikely To Transform U.S. Steel's Fortunes Anytime Soon". forbes.com. Retrieved 27 July 2018.
- ^ Jr, Berkeley Lovelace. "US Steel CEO: We're reopening an idled plant and bringing back 500 jobs due to Trump tariffs". CNBC. Retrieved 2023-03-22.
- ^ Madhani, Aamer (March 8, 2018). "U.S. Steel: Trump tariff means we'll re-open plant". The Argus-Leader. Sioux Falls, South Dakota. p. B5. Retrieved July 30, 2018 – via Newspapers.com.
- ^ "U.S. Steel Ratifies new Four Year Agreements With Steelworkers". Fox21Online. 2018-11-13. Retrieved 2023-03-22.
- ^ Smalley, Megan (December 8, 2020). "US Steel acquires Big River Steel". Recycling Today. Retrieved March 22, 2023.
- ^ Newsdesk, Region 8 (January 18, 2021). "U.S. Steel completes Big River Steel acquisition". KAIT8. Retrieved March 22, 2023.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "U.S. Steel announces goal to achieve carbon neutrality by 2050". WPXI. 2021-04-21. Retrieved 2023-03-22.
- ^ "U.S. Steel facility first steel mill in North America to win certification from ResponsibleSteel". Pittsburgh Post-Gazette. Retrieved 2023-03-22.
- ^ Avila, Larry (2022-06-02). "$60 million investment by U.S. Steel will add 25 new jobs at Gary Works • Northwest Indiana Business Magazine". Northwest Indiana Business Magazine. Retrieved 2023-03-22.
- ^ "US Steel receives green funding toward Big River 2 mill". Fastmarkets. 2022-09-27. Retrieved 2023-03-22.
- ^ "U.S. Steel's $150 million DR-grade pellet plant headed for Keetac". Duluth News Tribune. 2022-07-29. Retrieved 2023-03-22.
- ^ "USW members ratify new contract with U.S. Steel". Pittsburgh Post-Gazette. Retrieved 2023-03-22.
- ^ MarketScreener. "Lockheed Martin : Lockheed Martin Nominates David B. Burritt to Board of Directors | MarketScreener". www.marketscreener.com. Retrieved 2023-03-22.
- ^ "New Members Appointed to NSC Board of Directors - National Safety Council". www.nsc.org. Retrieved 2023-03-22.
- ^ "worldsteel elects new officers and welcomes new members". worldsteel.org. Retrieved 2023-03-22.
- ^ "The Business Council: Member List". The Business Council. Retrieved March 22, 2023.
- ^ "David B. Burritt Named Chief Financial Officer at United States Steel Corporation". PR Newswire. August 16, 2013. Retrieved July 30, 2018.