| David Burritt | |
| Birth Name: | David Boyd Burritt |
| Birth Date: | [1] |
| Birth Place: | St. Louis, Missouri, US |
| Alma Mater: | Bradley University University of Illinois at Urbana–Champaign |
| Occupation: | Businessman |
| CEO, U.S. Steel | |
| Term: | May 2017- |
| Predecessor: | Mario Longhi |
| Boards: | Lockheed Martin (since 2008) |
| Spouse: | Lynn Burritt |
David Boyd Burritt (born c. 1955) is an American businessman. He has been the chief executive officer of U.S. Steel since May 2017.[2]
Burritt was born in St. Louis, Missouri.[3] He earned a bachelor's degree in accounting in 1977 from Bradley University in Peoria and a master's degree in business administration from the University of Illinois at Urbana–Champaign in 1990.[3]
Burritt worked for Caterpillar for 32 years, before joining U. S. Steel in 2013 as CFO.[4]
In February 2017, he became president and chief operating officer.[3] In May 2017, it was announced that Burritt would succeed Mario Longhi as CEO.[4] [3]
In March 2018, Burritt announced U. S. Steel would restart its previously idled plant in Granite City, Illinois and workers would return.[5] [6]
In November 2018, Burritt led the ratification of a new four-year contract with United Steelworkers.[7]
Burritt announced in January 2021 that U. S. Steel had completed its acquisition to acquire full ownership of Big River Steel for $774 million as part of a plan to create “the first ‘Best of Both’ integrated and mini-mill steel company.” This came following an initial investment announced by Burritt of $700 million in October 2019 which at that time gave the Company a 49.9 percent ownership stake in the company.[8] [9]
In April 2021, Burritt set a goal for U. S. Steel to achieve carbon neutrality by 2050 in support of the Paris Agreement and said “U. S. Steel intends to be a part of the climate solution.” This built on the previous target to reduce greenhouse gas emissions intensity by 20% by 2030.[10]
In April 2022, Burritt announced that Big River Steel Mill was the first ResponsibleSteel site certified in North America and said, “This marks an important milestone on our journey to build a more sustainable future for our customers, company, colleagues, communities and the planet.”[11]
Burritt announced in early 2022 a $60 million investment at its Gary Works, Indiana, facility to install a pig iron caster that will grow production of pig iron.[12]
Burritt announced in September 2022 that U. S. Steel had sold green bonds and would be using revenue from the bonds to put toward the construction of its Big River 2 facility in Osceola, Arkansas, with an expected completion in 2024.[13]
In October of 2022, Burritt led an investment of $150 million to build a direct-reduced-grade pellet plant at its Keetac iron ore mining and pellet processing facility in Keewatin, Minnesota.[14]
In December 2022, Burritt worked with members of the United Steelworkers union to ratify a four-year contract that would cover 11,000 workers at 13 U. S. Steel locations and included a $4,000 bonus.[15]
Burritt has been on the Lockheed Martin board of directors since 2008.[16] In October 2018, he joined the board of directors of the National Safety Council.[17] As of October 2021 he is on the executive committee of the World Steel Association board of directors, and is a member on The Business Council.[18] [19]
Burritt has a wife, Lynn.[20]