- Associated Press - Friday, June 20, 2014

PITTSBURGH (AP) - A retired executive from Allegheny Technologies Inc. is donating $7.5 million toward a new auditorium at Carnegie Mellon University in Pittsburgh.

Richard P. Simmons, the specialty steelmaker’s chairman emeritus, is a well-known Pittsburgh-area philanthropist. He’s donated millions to the Pittsburgh Symphony Orchestra, the Carnegie Museums, and the University of Pittsburgh Medical Center.

Simmons made his fortune in a leveraged buyout of Allegheny Ludlum in 1980, which he merged with Teledyne Industries to form ATI.

The planned Simmons Auditorium will be the largest on campus and increase the school’s ability to attract well-known speakers and other events. It will also be used for classes and other school activities.

Simmons was formerly a distinguished adjunct professor of business at CMU, and endowed a chair at the Massachusetts Institute of Technology formerly held by CMU President Subra Suresh.