David Burritt | |
|---|---|
 Burritt in 2024 | |
| Born | David Boyd Burritt 1954or1955(age 69–70) [1] |
| Alma mater | Bradley University University of Illinois at Urbana–Champaign |
| Occupation | Businessman |
| Title | CEO, U.S. Steel |
| Term | May 2017- |
| Predecessor | Mario Longhi |
| Board member of | Lockheed Martin (since 2008) |
| Spouse | Lynn Burritt |
David Boyd Burritt (born c. 1955) is an American businessman. He has been the chief executive officer of U.S. Steel since May 2017. [2]
Burritt was born in St. Louis, Missouri. [3] He earned a bachelor's degree in accounting in 1977 from Bradley University in Peoria and a master's degree in business administration from the University of Illinois at Urbana–Champaign in 1990. [3]
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 U. S. Steel would restart its previously idled plant in Granite City, Illinois and workers would return. [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]
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]
Burritt has a wife, Lynn. [20]
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