Geneva president and COO Robert Grow resigned about the time of the bankruptcy filing. Grow and Cannon reportedly had disagreements about the company's strategy. Grow and Cannon didn't return calls seeking comment. Grow is one of the U.S. steel industry's most vocal critics of unfairly traded imports. He testified before the Congressional Steel Caucus last year and wrote about trade laws as a regular contributor to the Steel Forum column in New Steel .
Geneva plans to make steel while in bankruptcy protection.
The company had employed 2,100, but 300 jobs were eliminated last year. Another 500 are on layoff status. Wanlass declines to forecast when Geneva might exit Chapter 11, but a lot will depend on when the market recovers from the flood of imports. He expects the company to change its structure but not its operations. But a change in operations might be what Geneva needs.