Steel News

Specialty Steel Works Inc. Announces New CEO

1/13/2020 - Indiana-based steel processor Specialty Steel Works Inc. is under new management as president and chief operating officer Michael Salamon has been named chief executive, the company announced Monday.

In a statement, SSWI said Salamon is succeeding Joel Hawthorne, who is stepping down after two years at the helm. The change is effective today.

"Mike Salamon is the right person to lead SSWI into the future. He understands our business and markets and has a proven ability to forge customer relationships and drive results,” said SSWI chairman Ben Santonelli.

Santonelli said Salamon has led an effort to make the company more customer-centric and has simplified its business model while improving its cost structure.

“Salamon will move the company forward in a manner that allows the business to capitalize on opportunities presented in an ever changing and dynamic environment,” he added.

He also thanked Hawthorne for his leadership following the company’s emergence from bankruptcy.

“Joel positioned the company for success by working to restore customer and investor confidence and inspiring employees to connect vision and ideas to drive strategy and create value for all stakeholders,” he said.