U.S. Steel, the Pittsburgh-based steel maker with $17.4 billion of 2010 revenue, promoted Larry Brockway to the new position of chief risk officer and senior vice president. John Quaid replaces Brockway as treasurer and vice president. Brockway, 51, had been treasurer since 2004, after being named assistant treasurer of corporate finance following U.S. Steel’s 2001 spin-off from USX. Quaid, 39, most recently controller for North American flat-rolled operations, joined U.S. Steel in 2002 as manager of investor relations.
Marathon Petroleum, the refinery unit that was spun off by Marathon Oil in June in a transaction valued at $15 billion, named Timothy Griffith treasurer and vice president of finance. Griffith, 41, joins the newly formed Findlay, Ohio-based company from Smurfit-Stone Container Corp., where he served as treasurer and vice president of investor relations since 2009. Earlier, Griffith was treasurer at Cooper-Standard Automotive, assistant treasurer at Lear Corp. and a derivatives specialist at Citicorp.