Michael C. Arnold was the President and CEO of Ryerson Holding Corporation from January 2011 until his retirement in May 2015. Before joining Ryerson, Arnold held significant roles at The Timken Company, where he oversaw their Bearings and Power Transmission...
Michael C. Arnold was the President and CEO of Ryerson Holding Corporation from January 2011 until his retirement in May 2015. Before joining Ryerson, Arnold held significant roles at The Timken Company, where he oversaw their Bearings and Power Transmission Group, contributing to his deep expertise in manufacturing industries. During his tenure at Ryerson, Arnold's compensation peaked at over 1.8 million USD in 2015, including salary and retirement benefits. Interestingly, his career path was well-aligned with market changes and company performance, specifically through his incentives focusing on performance metrics. When he retired, he had also built a compelling package of performance units, indicating strong belief in aligning leadership interests with those of shareholders. Notably, his retirement was strategic, with significant timing in 2015 aligning with Ryerson's ongoing shifts in industry dynamics. Arnold's approach to leadership and executive compensation was hinged on attracting talent and maintaining competitiveness, which helps explain his long tenure and the respect he garnered in corporate circles. His legacy includes the restructuring and positioning of Ryerson as a key player in manufacturing, aiming for operational efficiency along with sound financial performance. He led the company during pivotal moments, indicating a capability to navigate complex environments which speaks volumes for someone in his role.