(Reuters) -U.S. Steel said on Wednesday it has appointed three American directors to its board, more than a month after Nippon Steel closed its $14.9-billion acquisition of the company. Its board is now comprised of seven directors, four of whom are U.S. citizens, including three independent U.S. directors. Nippon had signed a national security agreement […]
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U.S. Steel appoints three American board directors after Nippon deal
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(Reuters) -U.S. Steel said on Wednesday it has appointed three American directors to its board, more than a month after Nippon Steel closed its $14.9-billion acquisition of the company.
Its board is now comprised of seven directors, four of whom are U.S. citizens, including three independent U.S. directors.
Nippon had signed a national security agreement with the Trump administration in a bid to get the go-ahead for its acquisition of U.S. Steel.
The agreement gave U.S. President Donald Trump a non-economic golden share and the authority to name a member to the board.
The appointments include former AT&T CEO John Donovan, ex-Lockheed Martin chief Robert Stevens and Timothy Keating, who is currently the top boss at Keating Global.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Pooja Desai)