CALIFORNIA - News from Feb. 24, 1987
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Kaiser Steel, which recently filed for protection under the U.S. Bankruptcy Code, said Eustace H. Winn has stepped down from its board of directors to make room for a representative of the company’s 5,000 retirees, who are the company’s biggest creditor group.
Winn was replaced by Frank Anglin, president of Kaiser Steel Cares Foundation, a nonprofit organization that assists Kaiser Steel retirees, many of whom live near the company’s former mill in Fontana.
Kaiser Steel’s former chairman, Monty Rial, urged that the board fill the remaining vacancy on the board with another representative of the retirees.
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