David Burritt | |
|---|---|
 Burritt in 2022 | |
| Born | David Boyd Burritt 1954/1955(age 67–68) [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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United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in Central Europe. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. Operations also include iron ore and coke production facilities.
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