Ternium S.A. announced that its Board of Directors has appointed Máximo Vedoya to succeed Daniel Novegil as Chief Executive Officer, effective March 1, 2018. Following his retirement, Mr. Novegil will remain on Ternium’s Board of Directors, assuming the role of Vice Chairman. Vedoya, with 26 years of experience in the steel industry, he has led Ternium’s operations in Mexico since January 2012. Prior to serving in that capacity, he held several executive positions at other Ternium subsidiaries, including Chief Executive Officer of Ternium Colombia, Commercial Director and Export Manager of Sidor (Venezuela), Director of Ternium Mexico’s international and steel purchase operations, and Commercial Planning Manager of Siderar (Argentina).
Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products, and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region, and Other Markets. In the steel segment, steel products include slabs, billets, and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
TERNIUM S.A. 
