Worthington Steel Names President of Flat-Roll Steel Processing

Worthington Steel, Inc., (NYSE: WS) announced today that Cliff Larivey, senior vice president of commercial and purchasing, has been named president of Flat-Roll Steel Processing, effective Dec. 1, 2024. Jeff Klingler, executive vice president and chief operating officer, has been performing the role since Dec. 1, 2023. This structure will allow Klingler to focus on the Company’s global business operations and executing its growth and optimization strategy.

“During his tenure, Cliff has been instrumental in building and maintaining strong customer and supplier partnerships, including successfully navigating supply chain challenges during the pandemic, to deliver world-class customer service. He’s also played an integral role in developing our buying intelligence and price risk capabilities,” said Worthington Steel President and CEO Geoff Gilmore. “I have every confidence that through Cliff’s leadership, we will grow our flat-roll processing business and deliver on our strategic vision.”

Larivey, 51, has served as the Company’s senior vice president of commercial and purchasing since Worthington Steel’s separation from the former Worthington Industries in December 2023. Prior to that, he was vice president of purchasing for Worthington Industries for 11 years. Larivey joined Worthington Industries as director of steel purchasing when the Company acquired Gibraltar Strip Steel in February 2010. At Gibraltar, Larivey held several roles of increasing responsibility including production scheduler, materials application and inside sales manager. He was named vice president of marketing at Gibraltar in 2008 and added purchasing to his title in 2009. Larivey earned his bachelor’s degree in business from the University of New York at Buffalo.

Under Larivey’s leadership, Marc Gase, vice president of price risk and supply chain, Doug Kovach, vice president of sales and marketing and Jason Miller, vice president of purchasing, will continue to oversee the commercial organization, and Brad Kern, vice president of operations, will continue to head up operations. With their combined tenure, they bring more than 100 years of expertise to the Company.

About Worthington Steel

Worthington Steel (NYSE:WS) is a metals processor that partners with customers to deliver highly technical and customized solutions. Worthington Steel’s expertise in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions are driving steel toward a more sustainable future.

As one of the most trusted metals processors in North America, Worthington Steel and its approximately 5,000 employees harness the power of steel to advance our customers’ visions through value-added processing capabilities including galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination. Headquartered in Columbus, Ohio, Worthington Steel operates 32 facilities in seven states and six countries. Following a people-first Philosophy, commitment to sustainability and proven business system, Worthington Steel’s purpose is to generate positive returns by providing trusted and innovative solutions for customers, creating opportunities for employees and strengthening its communities.

Safe Harbor Statement

Worthington Steel wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by Worthington Steel which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in Worthington Steel’s filings with the Securities and Exchange Commission.

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