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In November 2018, Burritt led the ratification of a new four-year contract with United Steelworkers.<ref>{{Cite web |date=2018-11-13 |title=U.S. Steel Ratifies new Four Year Agreements With Steelworkers |url=https://www.fox21online.com/2018/11/13/u-s-steel-ratifies-new-four-year-agreements-with-steelworkers/ |access-date=2023-03-22 |website=Fox21Online |language=en-US}}</ref>
In November 2018, Burritt led the ratification of a new four-year contract with United Steelworkers.<ref>{{Cite web |date=2018-11-13 |title=U.S. Steel Ratifies new Four Year Agreements With Steelworkers |url=https://www.fox21online.com/2018/11/13/u-s-steel-ratifies-new-four-year-agreements-with-steelworkers/ |access-date=2023-03-22 |website=Fox21Online |language=en-US}}</ref>


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.<ref>{{Cite web |last=Smalley |first=Megan |date=December 8, 2020 |title=US Steel acquires Big River Steel |url=https://www.recyclingtoday.com/news/us-steel-acquires-big-river-steel/ |access-date=March 22, 2023 |website=Recycling Today}}</ref><ref>{{Cite web |last=Newsdesk |first=Region 8 |date=January 18, 2021 |title=U.S. Steel completes Big River Steel acquisition |url=https://www.kait8.com/2021/01/18/us-steel-completes-big-river-steel-acquisition/ |access-date=March 22, 2023 |website=KAIT8}}</ref>
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.<ref>{{Cite web |last=Smalley |first=Megan |date=December 8, 2020 |title=US Steel acquires Big River Steel |url=https://www.recyclingtoday.com/news/us-steel-acquires-big-river-steel/ |access-date=March 22, 2023 |website=Recycling Today}}</ref><ref>{{Cite web |last=Newsdesk |first=Region 8 |date=January 18, 2021 |title=U.S. Steel completes Big River Steel acquisition |url=https://www.kait8.com/2021/01/18/us-steel-completes-big-river-steel-acquisition/ |access-date=March 22, 2023 |website=KAIT8}}</ref>


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.<ref>{{Cite web |date=2021-04-21 |title=U.S. Steel announces goal to achieve carbon neutrality by 2050 |url=https://www.wpxi.com/news/top-stories/us-steel-announces-goal-achieve-carbon-neutrality-by-2050/XM4SMQWL5ZCYJBNLBIUTWHNPIY/ |access-date=2023-03-22 |website=WPXI |language=en}}</ref>
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.<ref>{{Cite web |date=2021-04-21 |title=U.S. Steel announces goal to achieve carbon neutrality by 2050 |url=https://www.wpxi.com/news/top-stories/us-steel-announces-goal-achieve-carbon-neutrality-by-2050/XM4SMQWL5ZCYJBNLBIUTWHNPIY/ |access-date=2023-03-22 |website=WPXI |language=en}}</ref>


In April 2022, Burritt announced that Big River Steel Mill was the first [https://www.responsiblesteel.org/ 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.”<ref>{{Cite web |title=U.S. Steel facility first steel mill in North America to win certification from ResponsibleSteel |url=https://www.post-gazette.com/business/pittsburgh-company-news/2022/04/04/u-s-steel-s-big-river-arkansas-first-mill-north-america-certification-responsiblesteel-decarbonization-emissions-health-safety/stories/202204040083 |access-date=2023-03-22 |website=Pittsburgh Post-Gazette |language=en}}</ref>
In April 2022, Burritt announced that Big River Steel Mill was the first [https://www.responsiblesteel.org/ 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.”<ref>{{Cite web |title=U.S. Steel facility first steel mill in North America to win certification from ResponsibleSteel |url=https://www.post-gazette.com/business/pittsburgh-company-news/2022/04/04/u-s-steel-s-big-river-arkansas-first-mill-north-america-certification-responsiblesteel-decarbonization-emissions-health-safety/stories/202204040083 |access-date=2023-03-22 |website=Pittsburgh Post-Gazette |language=en}}</ref>
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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.<ref>{{Cite web |last=Avila |first=Larry |date=2022-06-02 |title=$60 million investment by U.S. Steel will add 25 new jobs at Gary Works • Northwest Indiana Business Magazine |url=https://nwindianabusiness.com/community/business-news-bits/60-million-investment-by-u-s-steel-will-add-25-new-jobs-at-gary-works/49858/ |access-date=2023-03-22 |website=Northwest Indiana Business Magazine |language=en-US}}</ref>
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.<ref>{{Cite web |last=Avila |first=Larry |date=2022-06-02 |title=$60 million investment by U.S. Steel will add 25 new jobs at Gary Works • Northwest Indiana Business Magazine |url=https://nwindianabusiness.com/community/business-news-bits/60-million-investment-by-u-s-steel-will-add-25-new-jobs-at-gary-works/49858/ |access-date=2023-03-22 |website=Northwest Indiana Business Magazine |language=en-US}}</ref>


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.<ref>{{Cite web |date=2022-09-27 |title=US Steel receives green funding toward Big River 2 mill |url=https://www.fastmarkets.com/insights/us-steel-receives-green-funding-toward-big-river-2-mill |access-date=2023-03-22 |website=Fastmarkets |language=en}}</ref>
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.<ref>{{Cite web |date=2022-09-27 |title=US Steel receives green funding toward Big River 2 mill |url=https://www.fastmarkets.com/insights/us-steel-receives-green-funding-toward-big-river-2-mill |access-date=2023-03-22 |website=Fastmarkets |language=en}}</ref>


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.<ref>{{Cite web |date=2022-07-29 |title=U.S. Steel's $150 million DR-grade pellet plant headed for Keetac |url=https://www.duluthnewstribune.com/news/local/u-s-steels-150-million-dr-grade-pellet-plant-headed-for-keetac |access-date=2023-03-22 |website=Duluth News Tribune |language=en}}</ref>
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.<ref>{{Cite web |date=2022-07-29 |title=U.S. Steel's $150 million DR-grade pellet plant headed for Keetac |url=https://www.duluthnewstribune.com/news/local/u-s-steels-150-million-dr-grade-pellet-plant-headed-for-keetac |access-date=2023-03-22 |website=Duluth News Tribune |language=en}}</ref>


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.<ref>{{Cite web |title=USW members ratify new contract with U.S. Steel |url=https://www.post-gazette.com/business/career-workplace/2022/12/20/usw-members-ratify-new-contract-united-steelworkers-union/stories/202212200113 |access-date=2023-03-22 |website=Pittsburgh Post-Gazette |language=en}}</ref>
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.<ref>{{Cite web |title=USW members ratify new contract with U.S. Steel |url=https://www.post-gazette.com/business/career-workplace/2022/12/20/usw-members-ratify-new-contract-united-steelworkers-union/stories/202212200113 |access-date=2023-03-22 |website=Pittsburgh Post-Gazette |language=en}}</ref>


== Affiliations ==
== Affiliations ==

Revision as of 23:32, 25 November 2024

David Burritt
Burritt in 2024
Born
David Boyd Burritt

1954 or 1955 (age 69–70)[1]
St. Louis, Missouri, US
Alma materBradley University
University of Illinois at Urbana–Champaign
OccupationBusinessman
TitleCEO, U.S. Steel
TermMay 2017-
PredecessorMario Longhi
Board member ofLockheed Martin (since 2008)
SpouseLynn Burritt

David Boyd Burritt (born c. 1955) is an American businessman and the CEO of U.S. Steel since May 2017.[2]

Early life

Born in St. Louis, Missouri[3], Burritt earned a bachelor’s degree in accounting from Bradley University in 1977 and an MBA from the University of Illinois in 1990.[3]

Career

Burritt 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 the reopening of U.S. Steel’s Granite City plant in Illinois, bringing workers back.[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

Burritt 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

Burritt has a wife, Lynn.[20]

References

  1. ^ SEC. "United States Steel Corp 2013 Current Report 8-K". SEC.report. Retrieved 2021-03-02.
  2. ^ "David Burritt named US Steel president, Mario Longhi remains as ceo | Metal Bulletin.com". www.metalbulletin.com. Retrieved 2020-01-28.
  3. ^ a b c d "Leadership Detail - www.ussteel.com". www.ussteel.com. Retrieved 2021-02-08.
  4. ^ a b Team, Trefis. "A New CEO Is Unlikely To Transform U.S. Steel's Fortunes Anytime Soon". forbes.com. Retrieved 27 July 2018.
  5. ^ 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.
  6. ^ 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.
  7. ^ "U.S. Steel Ratifies new Four Year Agreements With Steelworkers". Fox21Online. 2018-11-13. Retrieved 2023-03-22.
  8. ^ Smalley, Megan (December 8, 2020). "US Steel acquires Big River Steel". Recycling Today. Retrieved March 22, 2023.
  9. ^ 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)
  10. ^ "U.S. Steel announces goal to achieve carbon neutrality by 2050". WPXI. 2021-04-21. Retrieved 2023-03-22.
  11. ^ "U.S. Steel facility first steel mill in North America to win certification from ResponsibleSteel". Pittsburgh Post-Gazette. Retrieved 2023-03-22.
  12. ^ 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.
  13. ^ "US Steel receives green funding toward Big River 2 mill". Fastmarkets. 2022-09-27. Retrieved 2023-03-22.
  14. ^ "U.S. Steel's $150 million DR-grade pellet plant headed for Keetac". Duluth News Tribune. 2022-07-29. Retrieved 2023-03-22.
  15. ^ "USW members ratify new contract with U.S. Steel". Pittsburgh Post-Gazette. Retrieved 2023-03-22.
  16. ^ MarketScreener. "Lockheed Martin : Lockheed Martin Nominates David B. Burritt to Board of Directors | MarketScreener". www.marketscreener.com. Retrieved 2023-03-22.
  17. ^ "New Members Appointed to NSC Board of Directors - National Safety Council". www.nsc.org. Retrieved 2023-03-22.
  18. ^ "worldsteel elects new officers and welcomes new members". worldsteel.org. Retrieved 2023-03-22.
  19. ^ "The Business Council: Member List". The Business Council. Retrieved March 22, 2023.
  20. ^ "David B. Burritt Named Chief Financial Officer at United States Steel Corporation". PR Newswire. August 16, 2013. Retrieved July 30, 2018.
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