Steel company promotes two to executive positions.
Nucor Corp., headquartered in Charlotte, North Carolina, has promoted Chad Utermark to the position of executive vice president of beam and plate products. He previously was vice president and general manager of Nucor-Yamato Steel Co.
The company, which manufactures a range of steel products, also has announced that Joe Stratman, who has served as executive vice president and beam and plate products since 2007, will focus on the business development activities for which he assumed responsibility in 2010.
The company also announced that Leon Topalian, vice president and general manager of Nucor Steel Kankakee Inc., has been named vice president and general manager of Nucor-Yamato Steel.
John Ferriola, Nucor' chairman, CEO and president, says, “The promotions of Chad and Leon result from the thoughtful and orderly succession planning that has been a significant strategic initiative through the Nucor organization in recent years.”
He adds, “Chad will be a strong addition to our executive management team and will continue the success that Joe and his team have achieved in optimizing existing operations and completing strategic acquisitions to profitably grow Nucor's beam and plate businesses.”