DiMicco Steps Aside as Nucor CEO
Daniel DiMicco, who has been CEO of Charlotte, N.C.-based Nucor Corp. for more than 12 years, stepped down from that role at the end of 2012. Current President and COO John Ferriola succeeded DiMicco as CEO, effective Jan. 1, 2013. DiMicco remains with Nucor as its executive chairman.
According to Nucor, DiMicco led the company “through one of its most explosive and profitable growth periods and an industry-leading total shareholder return of 463.9 percent.”
DiMicco served as Nucor’s CEO longer than anyone since founder Ken Iverson. He became CEO in September of 2000, near the start of an economic slump that company officials say restructured the global steel industry.
“Dan DiMicco has been one of the nation’s outstanding CEOs,” says Peter Browning, a Nucor Corp. board director. “I believe one of his most remarkable and lasting achievements was his ability to retain and strengthen Nucor’s unique culture, even as Nucor’s strategy evolved. While sales rose nearly five-fold and the number of divisions jumped, Dan kept every teammate focused on the Nucor core principles of safety, teamwork, integrity, personal responsibility, performance, continual improvement and profitability,” adds Browning.
Ferriola began his career with Bethlehem Steel Corp. in 1974. He joined Nucor in 1992 as manager of maintenance and engineering at its Jewett, Texas, bar mill. Through his first decade with the company, Ferriola served as general manager at three divisions: Vulcraft Texas in Grapeland, Texas; the bar mill in Norfolk, Neb.; and the sheet mill in Crawfordsville, Ind. He was named executive vice president in 2002 and COO of steelmaking operations in 2007. In January 2011, the board of directors appointed him Nucor’s president and COO and elected him to the board.
“I am honored to be given the opportunity to lead the tremendous team we’ve assembled,” says Ferriola. “We have many challenges in front of us as we continue to work safely and take care of our customers. I am extremely excited about the impressive work being done by our team to significantly grow Nucor’s earnings platform well into the future.”
DiMicco says, “Nucor couldn’t be in better hands. I’m very confident in the ability of John and the rest of our management team to take on our current and future challenges and to lead the company’s continual growth in the coming years. As executive chairman, I look forward to continuing to work with and provide strong support to the executive team led by John in the areas of corporate growth, strategic succession planning and Nucor’s efforts to promote a strong, vibrant manufacturing base.”
Nucor and its affiliates manufacture steel products. The company’s Cincinnati-based David J. Joseph Co. subsidiary brokers ferrous and nonferrous metals and processes scrap metals.
OmniSource Announces Executive Changes
OmniSource Corp., headquartered in Fort Wayne, Ind., and wholly owned by Steel Dynamics Inc., has made a number of changes to the scrap processing company’s executive ranks.
Rich Brady, who most recently served as executive vice president, ferrous commercial, for OmniSource, has been named executive vice president, Southeast. He will lead the company’s ferrous and nonferrous operations in the region. Brady joined Steel Dynamics in 2004 and transitioned to OmniSource in 2008.
As of Dec. 1, 2012, Jason Redden assumed the role of executive vice president, commercial, at OmniSource. He is now responsible for ferrous and nonferrous sales and assumed national accounts sales management responsibilities. Redden most recently served as the executive vice president, nonferrous group and directed all nonferrous procurement, sales and operational activities. Prior to that, Redden also served as vice president of national accounts and foundry sales at OmniSource.
Also effective Dec. 1, Scott Gibble, former executive vice president, Midwest, at OmniSource, expanded his responsibilities to include nonferrous operations, procurement and nonsales-related support functions. Gibble has been with OmniSource since 1999.
“We are pleased to make these promotions,” says Russ Rinn, executive vice president of metals recycling at Steel Dynamics and president and COO of OmniSource Corp. “Rich, Jason and Scott have consistently contributed to the company’s ability to grow its footprint,” he continues. “Their insightful leadership and valuable experience in the steel and scrap businesses have also contributed and will continue to contribute to our ability to weather the ebbs and flows within the scrap industry.
DJJ Announces Organizational Changes
The David J. Joseph Co. (DJJ), headquartered in Cincinnati, has announced changes to its top management staff.
Effective Jan. 1, 2013, Craig Feldman has become president with direct responsibility for all businesses and activities across the DJJ group of companies.
Feldman joined DJJ in 1986 and has served in a variety of roles, including district manager in the ferrous trading business, president of Western Metals Recycling and operations staff member for SHV (DJJ’s Netherlands-based parent company until 2008). Most recently executive vice president of DJJ’s recycling group, Feldman will continue to serve as a vice president and general manager of Nucor.
Mark Schaefer has succeeded Feldman as executive vice president. Schaefer joined the company in 1985 and has served in a variety of roles, including district manager in the ferrous trading business, vice president of Logistic Services and president of U-Pull-&-Pay, DJJ’s self-serve auto parts business. He also was named a general manager of Nucor.
Keith Grass, former president of DJJ, will continue as the company’s CEO as part of his responsibilities as executive vice president of Nucor.
“These promotions are part of a planned management transition,” Grass says. “I am confident that both Craig Feldman and Mark Schaefer are well-prepared and well-positioned to take on these new responsibilities. I look forward to working with the team as they look for ways to continue to grow and build the DJJ organization.”
TMS Makes Executive Appointments
The board of directors of Glassport, Pa.-based TMS International Corp., parent company of mill services firm Tube City IMS Corp., has named Raymond Kalouche president and CEO. Kalouche also was added to TMS’ board of directors.
The company’s board also has named Leon Heller as executive vice president, general counsel and secretary, effective Jan. 1, 2013.
Heller succeeds Thomas Lippard, who has retired. Heller has been executive vice president, general counsel and secretary since 1997.
Kalouche previously served as COO of TMS and as president and COO of the company’s mill services group. He succeeds Joseph Curtin, who has served as president and CEO of the company since 2009 and as chairman of the company’s board since 2011. Curtin will continue in the full-time position of executive chairman.
Since joining TMS in 1989, Kalouche has held management positions in technical services, surface conditioning, marketing and operations. Since 2007, he has led the international growth of TMS’ mill services group.