2005 Named Executive Officer Merit Increases for Ryerson Tull, Inc.
This document outlines the annual base salary increases for five named executive officers of Ryerson Tull, Inc., effective January 31, 2005. The officers listed include the Chairman, President and CEO, as well as other executive vice presidents and division presidents. The agreement specifies the new annual base salaries for each executive, reflecting their merit-based compensation adjustments for 2005.
Exhibit 10.7
Named Executive Officer Merit Increases
Effective January 31, 2005
| NAME/ TITLE | 2005 ANNUAL BASE SALARY | ||
| Neil S. Novich Chairman, President And Chief Executive Officer | $ | 750,000 | |
| Jay M. Gratz Executive Vice President, Chief Financial Officer & President – Ryerson Tull Coil Processing | $ | 475,000 | |
| Gary J. Niederpruem Executive Vice President | $ | 475,000 | |
| James M. Delaney President – Customer Solutions Team & Chief Procurement Officer | $ | 263,000 | |
| Stephen E. Makarewicz President – Ryerson Tull South | $ | 280,000 | |
