Robert Milbourne, Algoma Steel's new company chairman, unexpectedly stepped down in late February. A company press release states that Milbourne's departure was a mutual agreement. After the restructured company emerged from bankruptcy protection in January, a new board of directors was named that surprisingly did not include the steelmaker's president and chief executive Sandy Adam. Replacing Milbourne as chairman is Benjamin Duster, managing director of the financial restructuring group of Leary, Masson & Associates of Atlanta, GA.
