IPSCO Announces New Director - Juanita Hinshaw Joins the Board

Lisle, Illinois, 24 June 2002 - IPSCO Inc. (NYSE/TSE:IPS), announced today the election of Ms. Juanita Hinshaw as a director of the corporation effective 1 June, 2002. 

Burton Joyce, Chairman of the Board, stated, "Ms. Hinshaw brings to the IPSCO Board a strong financial background and extensive business experience, both of which will complement the strengths of the Board."

Ms. Hinshaw is a resident of St. Louis, Missouri and is currently Senior Vice President and Chief Financial Officer of Graybar Electric Company, Inc., an employee-owned distributor of electrical, telecommunications and data products. Prior to joining Graybar Electric, Ms. Hinshaw had a distinguished career with Monsanto Company in its Treasury department.

Company Contact: 
Anne Parker
Vice President, Trade Policy and Communications
Tel. 630-810-4790
Release 02-21

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