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David B. Burritt
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David Burritt is the CEO of U.S. Steel,Inc.(X). Burritt worked for Caterpillar for 32 years, before joining U. S. Steel in 2013 as CFO. In February 2017, he became president and chief operating officer. In May 2017, it was announced that Burritt would succeed Mario Longhi as CEO.
In March 2018, Burritt announced U. S. Steel would restart its previously idled plant in Granite City, Illinois and workers would return. In November 2018, Burritt led the ratification of a new four-year contract with United Steelworkers.
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.
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. 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.”
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. 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.
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. 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.
Early Life
David Burritt was born on 1955 (age 68 years) in St. Louis, Missouri, United States
Education
- Bachelor's degree in accounting - Bradley University in Peoria
- Master's degree in business administration - University of Illinois at Urbana
Career
- X - CEO