Suzanne Rich Folsom was Appointed as General Counsel at United States Steel Corporation

Date of management change: January 27, 2014 

What Happened?

Pittsburgh, PA-based United States Steel Corporation has Appointed Suzanne Rich Folsom as General Counsel


About the Company

United States Steel Corporation, headquartered in Pittsburgh, Pa., is an integrated steel producer with major production operations in the United States, Canada and Central Europe and an annual raw steelmaking capability of 29.3 million net tons. The company manufactures a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction, and oil and gas industries. U. S. Steel`s integrated steel facilities include Gary Works, which is made up of Gary Works in Gary, Ind., East Chicago Tin in East Chicago, Ind., and Midwest Plant in Portage, Ind.; Great Lakes Works in Ecorse and River Rouge, Mich.; Mon Valley Works, which includes Edgar Thomson Plant and Irvin Plant near Pittsburgh, Pa., and Fairless Plant near Philadelphia, Pa.; Granite City Works in Granite City, Ill.; Fairfield Works in Fairfield, Ala.; Lake Erie Works in Nanticoke, Ontario, and Hamilton Works in Hamilton, Ontario, both of which make up U. S. Steel Canada; and U. S. Steel Košice in the Slovak Republic.  U. S. Steel is also involved in several steel finishing joint ventures in the United States, Brazil, Canada and Mexico. U. S. Steel prides itself on being a leader in both process and product technology and has four research and development facilities dedicated to advancing the boundaries of steelmaking: the Research and Technology Center in Munhall, Pa.; the Automotive Center, a research and sales facility in Troy, Mich.; the U. S. Steel Tubular Products Innovation and Technology Center in Houston, Texas; and USSE Research in Košice. U. S. Steel has tubular operations in Bellville, Houston, Hughes Springs, and Lone Star, Texas;  Pine Bluff, Ark.; Fairfield, Ala.; Lorain, Ohio; and McKeesport, Pa. The company also maintains tubular products sales offices in Denver, Co., Dallas and Houston, Texas,  and Calgary, Alberta Canada. U. S. Steel produces coke at Mon Valley Works` Clairton Plant near Pittsburgh as well as at Gary Works, Granite City Works, Lake Erie Works, Hamilton Works and U. S. Steel Košice. The company operates two iron ore mines through its Minnesota Ore Operations on the Mesabi Iron Range in northern Minnesota: one in Mt. Iron (Minntac) and one in Keewatin (Keetac). Both mine an iron-bearing rock called taconite and process it into concentrated iron ore pellets, which are converted to liquid iron in the company`s blast furnaces. U. S. Steel is also involved in railroad and barge transportation services through its Transtar, Inc. subsidiary and real estate operations through its USS Real Estate division. Every day, U. S. Steel employees around the world dedicate themselves to putting the company`s five core values into action. Safety is first – it`s U. S. Steel`s top priority. The other core values are diversity and inclusion; environmental stewardship; focus on cost, quality and customer; and results and accountability. Focusing on these values guides the company`s highly skilled workforce toward realizing U. S. Steel`s Vision: Making Steel. World Competitive. Building Value. U. S. Steel`s operations are efficient and high tech, and the company`s customer focus is intense. U. S. Steel has been making steel for more than 110 years, always with an eye to serving customers` needs in the most cost-effective ways possible. Companies that want to be competitive in an increasingly global marketplace must have a global outlook and presence. U. S. Steel continually looks for opportunities to strengthen the company`s existing presence in the global arena and strives to meet and set world-class standards in everything it does. At U. S. Steel, creating value for the company`s stakeholders is a priority. To ensure the company`s long-term success, it aims to build value for customers, employees, shareholders, creditors, and the communities in which it operates using the same responsible approach that has positioned U. S. Steel as a leader in the global steel industry.


About the Person

As general counsel, chief compliance officer and senior vice president – government affairs, Suzanne Rich Folsom oversees U. S. Steel`s legal, regulatory, compliance, corporate governance, environmental affairs, security, aircraft, and labor and employment matters.  Folsom, who joined U. S. Steel in January 2014, is a key member of the executive management team who also spearheads the company`s worldwide public policy and government affairs initiatives.  In addition, Folsom is responsible for ensuring the profitability of the USS Real Estate division as well as managing the company`s joint ventures worldwide. Folsom is playing a key leadership role in U. S. Steel`s current commitment to achieving significantly reinvigorated business growth, due largely to a long-established record for transformative action throughout her career.  In addition, Folsom is focused on ensuring the company`s transformation efforts are simultaneously informed by comprehensive oversight mechanisms to mandate compliance and ensure accountability. Prior to joining U. S. Steel, Folsom was executive vice president, general counsel and chief compliance officer of ACADEMI LLC, a leading global security provider to the federal government and commercial clients.  Her transformative work there continues to be recognized as a gold standard for compliance and accountability.  Previously, Folsom was deputy general counsel and chief regulatory and compliance officer for the American International Group (AIG), where she established and implemented best-in-class regulatory and compliance processes during the height of the economic crisis.  Folsom was also counselor to the president of the World Bank Group and director of its Department of Institutional Integrity, where she led that organization`s global anti-corruption program. Among her earlier positions, Folsom was special counsel at O`Melveny & Myers LLP; chief of staff to Her Majesty Queen Noor of the Hashemite Kingdom of Jordan; special assistant to First Lady Barbara Bush; and chief of staff to Co-Chairman of the Republican National Committee Maureen Reagan. Folsom is the recipient of multiple awards, both for specific successes and career achievements.  In 2015, she was named a recipient of the Aiming High Award – one of only 90 women leaders who have been so honored in the last half century by Legal Momentum and The Women`s Legal Defense and Education Fund.  She also received the Anastasia D. Kelly Award presented by InsideCounsel during their Transformative Leadership Awards event.  During her tenure, the U. S. Steel Legal department was recognized in 2015 as a Best Legal Department for both General Excellence and for Diversity by The Legal Intelligencer.  The department was also named to The Legal 500`s GC Powerlist: U.S. Teams in 2015, which honors the best in-house legal departments in the United States.  In consecutive years, 2013, 2014 and 2015, Folsom was named a Top General Counsel by The Ethisphere Institute.  Corporate Secretary awarded her its 2013 Governance Professional of the Year Award, and InsideCounsel recognized her as one of the nation`s Top 100 Female In-House Counsel in 2013. Among her many other professional activities, Folsom serves on the advisory board of Global Leaders in Law and the Global Issues Forum Committee of the Association of Corporate Counsel`s Washington Metropolitan Area Corporate Counsel. Folsom is a graduate of Duke University and Georgetown University Law Center.  


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