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Subject: PER

Laura Kowalchik Named Kenwal Steel Corp. Chief Financial Officer


DEARBORN, Mich., Dec. 12, 2018 /PRNewswire/ -- Kenwal Steel Corp. announced that Laura Kowalchik has been named CFO effective December 11, 2018. Kowalchik replaces Frank Jerneycic, who retires from Kenwal at the end of this year after 10 years of service with the leading North American, full-service, flat rolled steel service center. The announcement was made by Kenneth Eisenberg, Chairman of Kenwal Steel Corp. and Stephen Eisenberg, President of Kenwal's Burns Harbor, Ind. location.

Kowalchik, 49, brings deep global automotive and industrial finance, and accounting leadership to Kenwal. She most recently served as CFO of Urban Science, a Detroit-based global automotive retail consultancy. She previously served as vice president, corporate controller, and chief accounting officer of Ann Arbor-based bearing supplier, Kaydon Corp., and Dura Automotive Systems LLC in Auburn Hills, where she held the same title.

"Laura brings an excellent, well-rounded set of experiences to Kenwal with her global automotive and industrial finance, and accounting leadership skills," said Kenneth Eisenberg, Chairman of Kenwal Steel. "Her contributions and insight will help us continue the growth we have enjoyed well into the future."

Kowalchik earned a Bachelor of Science degree in accounting from the University of Richmond's Robins School of Business, Richmond, Va., and an MBA in finance from Indiana University South Bend. She is a CPA in Virginia.

Kenwal Steel has grown to be one of North America's largest full-service, flat rolled steel service center companies by building capabilities and services that cater to markets where exacting standards and precision processing are the norm, including automotive, electronics, appliance, tubing and other major equipment manufacturers across North America.

"Laura's strategic planning and analytic abilities are a phenomenal addition to our leadership team," said Stephen Eisenberg, President of Kenwal Steel Corp. - Burns Harbor. "We are excited to welcome her to Kenwal."

For more information, visit www.kenwal.com.

SOURCE Kenwal Steel Corp.


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