The hedge fund that is wrestling for control of Algoma Steel has added two more names to its list of proposed directors for the steelmaker.
New York-based Paulson & Co. said it has added its president, John Paulson, and Desjardins Securities International Inc. president Ronald Mayers to its proposed slate of directors.
The hedge fund said Thursday that depending on how an upcoming shareholder vote is structured, it is possible that there will be seven rather than five open positions on the board.
Paulson has already nominated five people for the Algoma board, including Senator J. Trevor Eyton, the former chairman and current director of Brascan Corp, Farokh Hakimi, the executive vice-president and former chief financial officer of Inco Ltd., and Nicholas Tolerico, the president of ThyssenKrupp Steel Services.
