United States Steel announced that General Counsel, Chief Compliance Officer and Senior Vice President of Government Affairs Suzanne Rich Folsom will resign from the company, effective Dec. 29, 2017.
Folsom began her tenure at U.S. Steel in 2014 as general counsel, chief compliance officer, and senior vice president of government affairs. Known for her extensive expertise in corporate transformation, legal affairs, and international law, she joined the company to oversee all legal, regulatory, compliance, corporate governance, and environmental matters.
Her responsibilities also included driving the company’s public policy; international trade, and government affairs initiatives; overseeing the corporate aircraft group; as well as ensuring the profitability of the USS Real Estate division and providing risk management oversight for the company’s joint ventures worldwide.
At U. S. Steel, Folsom built a world-class legal, regulatory, and compliance department, was instrumental in leading the company’s international trade litigation and public policy efforts to address global steel overcapacity and illegal trade practices, and worked with the executive team to undertake the implementation of business transformation efforts to accelerate the company’s performance improvement plans, while maintaining a strong focus on its corporate core values.
Deputy General Counsel Richard Fruehauf assumes day-to-day responsibility for legal operations to allow Folsom to focus on strategic and transitional matters while the company undertakes a comprehensive search for a permanent replacement.