Big River Steel has named David Stickler its new CEO in the wake of John Correnti’s death on Tuesday.
Correnti was found dead while on a business trip to Chicago. A cause of death has not been released.
Stickler is a member of Big River’s board of directors and had served as its chief administrative officer. In addition, board member Dan Murray was appointed chairman and Big River Construction Manager Jim Bell was elected to the board.
“John’s death came as a shock to the entire Big River Steel family,” Stickler said in a company statement. “Our investors and board of directors moved rapidly to make these appointments so that we can continue the momentum in pushing forward John’s legacy of building a growth-focused company.”
Stickler said the company is well positioned to complete construction of the $1.3 million steel mill it is constructing in Mississippi County and even to pursue expansion opportunities. Construction is scheduled to be complete in July 2016.
Stickler had worked with Correnti for 15 years in investing in greenfield steel and metal projects, the company said. He earned an MBA from the Kellogg School of Management at Northwestern University and a degree in accounting from Bowling Green State University.
At its new mill, Big River plans to manufacture flat-rolled steels, including lightweight advanced high-strength steels used in the automotive industry; complex electrical steels used in the generation and transmission of electrical energy; and wide and thick steels used in arctic drilling and rail car manufacturing.
The company said the mill will recycle more than 1.8 million tons of scrap metal and produce more than 1.6 million tons of flat-rolled steel per year.