Why AK Steel Holding Corporation (NYSE:AKS) Is Making Noise?


AK Steel Holding Corporation (NYSE:AKS) reported that it is delighted to report that two members of the firm’s Board, Dwayne A. Wilson and Sheri H. Edison were selected in Savoy Magazine’s Most Influential Black Corporate Directors for the year. The prestigious recognition acknowledges accomplished executives, their illustrious careers and the firms that showcase inclusive board composition.

The details

Roger K. Newport, the Chief Executive Officer of AK Steel, expressed that they are proud of the leadership, insight and expertise that Edison and Wilson bring as members of their board. Edison is SVP, Secretary and Chief Legal Officer of Bemis Company, Inc. She has a Bachelor of Arts degree in Journalism and History from the University of Southern California. Also she is a J.D. from Northwestern University. Edison has been a part of the AK Steel Board since 2014, and was also recognized by Directors & Boards Magazine as one of the 2017 Directors to Watch.

Wilson is a former SVP of Fluor Corporation and has earned a Bachelor of Science degree – Civil Engineering from renowned Loyola Marymount University. She joined the AK Steel Board in this year only.

AK Steel comes in the group of major producers of flat-rolled carbon, electrical steel and stainless products, intended mainly for the automotive, manufacturing and infrastructure, electrical power generation and supply segments. Through its subsidiaries, the firm delivers customer solutions with carbon as well as stainless steel tubing items, die design and tooling, and cold and hot stamping. The company has its headquarters in Greater Cincinnati. It employs nearly 9,400 men and women at its manufacturing operations spread across seven different states.

In the last trading session, the stock price of AK Steel jumped more than 2% to close the day at $5.18. The gains came at a share volume of 26.03 million compared to average share volume of 16.15 million.