Shift at Kaiser Steel

Financially troubled Kaiser Steel Corp. said Charles S. McNeil, vice chairman, assumed the additional posts of president and chief operating officer, effective Nov. 4. The two positions have been vacant since 1984. McNeil, 37, also continues as president of the Kaiser Coal Corp. subsidiary. Monty H. Rial, 44, remains as chairman and chief executive of Kaiser Steel.

Additionally, Senior Vice President M. Edward Stewart, 43, was named chief financial officer, succeeding Arthur W. Mullin, 40, who was elected senior vice president of finance. Kaiser Steel, which is based in Colorado Springs, faces a possible proxy fight for control of its board of directors at the company’s annual shareholders meeting on Nov. 25. The company’s preferred stockholders are seeking a new board majority because the company has missed two dividend payments on its preferred stock.