John P. Surma
| John P. Surma | |
|---|---|
| Born | 1954 (age 62–63) Pittsburgh, PA, USA |
| Alma mater | Penn State University |
| Occupation | Retired Chairman and CEO of the United States Steel Corporation |
| Spouse(s) | Becky Surma |
John P. Surma (born 1954 in Pittsburgh, Pennsylvania) is an American businessman. He was the executive chairman of the board of United States Steel Corporation. Surma retired as CEO of U.S. Steel effective September 1, 2013, and Chairman effective January 1, 2014, positions he held since 2004.
Surma received his Bachelor's degree in accounting in 1976 from Pennsylvania State University, following which he joined Price Waterhouse, in 1987, he was admitted as a partner. In 1983 Surma was picked for Ronald Reagan’s Executive Exchange Program in Washington, D.C., where he worked with the Federal Reserve Board.
In 1997 he was hired at Marathon Oil, then a subsidiary of U. S. Steel, as the senior vice president for finance & accounting. In 1998, he became president of Speedway SuperAmerica, a subsidiary of Marathon, and in 2001 he became president of Marathon Ashland Petroleum, another subsidiary. When U. S. Steel and Marathon separated at the end of 2001, he stayed with U. S. Steel as vice chairman and chief financial officer. He became president of U. S. Steel in March 2003, and chairman of the board as of February 2006.
Among his current posts Surma is chairman of the International Iron and Steel Institute, vice chairman of the American Iron and Steel Institute and a member of the board of directors of the National Association of Manufacturers. As the vice chairman of the Board of Trustees of Pennsylvania State University, Surma informed longtime Penn State football coach Joe Paterno late at night, and over the telephone, that he had been terminated without a hearing amid the media firestorm in the wake of the Jerry Sandusky sex abuse scandal. Surma became chairman of the Penn State Board of Trustees three days later when Chairman Steve Garban resigned his position. In January 2012 he relinquished the position to The Bank of New York Mellon executive Karen Peetz, but he has continued to serve on the board. Surma served as a director of BNY Mellon until April 2012. In 2011 his reported compensation as a director of BNY Mellon was $216,575.
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