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VP, finance, CFO and treasurer of Universal Stainless resigns

Universal StainlessUniversal Stainless & Alloy Products, Inc. announced that Michael D. Bornak, VP, finance, chief financial officer and treasurer, intent to resign from his position.

Mr. Bornak is a senior executive with extensive global experience in financial and operational management across a broad range of industries. He served as Chief Financial Officer, Treasurer, Secretary and Senior Vice President of Finance & Administration for SeaChange International.

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Mr. Bornak also has held the position of Chief Financial Officer for Tollgrade Communications, Inc., Solar Power Industries, MHF Logistical Solutions and Portec Rail Products, Inc as well as senior financial positions at Precise Technology and National Steel Corporation.

Mr. Bornak is a Certified Public Accountant and began his financial career at Ernst & Young. He holds a B.S. in Business Administration from Clarion University of Pennsylvania and received his Master's degree through the University of Pittsburgh Katz Executive MBA program.

The effective date of Mr. Bornak's resignation will be determined by mutual agreement between him and the Company. The Company intends to continue to retain the services of Mr. Bornak in his current role in order to provide for a smooth transition.




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