Nucor Executive Vice President Ham Lott To Retire; Ray Napolitan To Be
CHARLOTTE, N.C., April 12, 2013
CHARLOTTE, N.C., April 12, 2013 /PRNewswire/ -- Nucor Corporation (NYSE: NUE)
announced today that Executive Vice President of Fabricated Construction
Products, Hamilton Lott, Jr., plans to retire on June 3, 2013 after more than
37 years of service with Nucor.
Mr. Lott began his career with Nucor as Design Engineer at Vulcraft, Florence,
South Carolina in 1975. He was Engineering Manager of Vulcraft, St. Joe,
Indiana from 1982 to 1986, and was Sales Manager there from January 1987 to
May 1987. He served as General Manager of Vulcraft, Grapeland, Texas from 1987
to 1993 and General Manager of Vulcraft, Florence, South Carolina from 1993 to
1999. Mr. Lott was a Vice President from 1988 to 1999, and was promoted to
Executive Vice President of Nucor in 1999.
Effective June 4, 2013, Raymond S. Napolitan, Jr. will be promoted to
Executive Vice President of Fabricated Construction Products. Mr. Napolitan
began his Nucor career in 1996 as Engineering Manager of Nucor Building
Systems, Waterloo, Indiana. He became Operations Manager of Nucor Building
Systems, Terrell, Texas in April 1999 and was promoted to General Manager in
September of that same year. Mr. Napolitan became the President of American
Buildings Company in August 2007, was elected Vice President of Nucor in
September 2007, and was promoted to the position of President of Nucor's
Vulcraft/Verco Group in 2010.
John Ferriola, Nucor's CEO and President, commented, "Ham has been an
exemplary leader for Nucor. He has dedicated his 37 years at Nucor to the
continual improvement of our operations and the strengthening of our position
in the market, while maintaining a core commitment to serving our valued
customers. Ham has placed Nucor in a strong position to achieve future
successes. Under his leadership, Nucor's downstream and fabrication
businesses have nearly tripled to a current capacity of more than 4.6 million
tons. Ham's retirement and Ray's promotion are the product of the thoughtful
and orderly succession planning that has been a top strategic initiative
throughout the Nucor organization in recent years. Ray Napolitan is a proven
Nucor leader whose team is well-prepared to continue building long-term
profitable growth at Nucor's downstream and fabricated construction products
"On behalf of the Nucor family, I want to thank Ham for his hard work and
commitment to making Nucor a better company, and for always finding new ways
to take better care of our customers."
Nucor and affiliates are manufacturers of steel products, with operating
facilities primarily in the U.S. and Canada. Products produced include: carbon
and alloy steel -- in bars, beams, sheet and plate; steel piling; steel joists
and joist girders; steel deck; fabricated concrete reinforcing steel; cold
finished steel; steel fasteners; metal building systems; steel grating and
expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI;
supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is
North America's largest recycler.
SOURCE Nucor Corporation
Contact: Nucor Executive Offices, +1-704-366-7000, or fax, +1-704-362-4208
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