Nucor Executive Vice President Keith Grass To Retire
CHARLOTTE, N.C., Aug. 1, 2014
CHARLOTTE, N.C., Aug. 1, 2014 /PRNewswire/ --Nucor Corporation (NYSE: NUE)
announced today that Keith Grass, Nucor's Executive Vice President of Raw
Materials and Chief Executive Officer of The David J. Joseph Company (DJJ),
plans to retire effective September 12, 2014.
Mr. Grass joined DJJ in 1978. He began his career as a brokerage
representative and then as district manager of several DJJ trading offices. He
was appointed Vice President of Trading in 1992. From 1996 to 1998, Mr. Grass
served as President of DJJ's International Division. He headed the Metals
Recycling Division during 1999 and served as President of DJJ from 2000 until
December 2012. Mr. Grass has served as CEO of DJJ since 2000 and was appointed
Executive Vice President of Nucor Corporation when DJJ became part of Nucor in
Upon the retirement of Mr. Grass, Joe Stratman, who began his Nucor career in
1989 and has served as Executive Vice President since 2007, will assume EVP
responsibilities for the raw materials group, which, in addition to DJJ,
includes Nucor's natural gas investments and logistics.
John Ferriola, Nucor's Chairman, CEO and President, commented, "On behalf of
the Board and everyone at Nucor, I would like to thank Keith for his
leadership at DJJ and Nucor over the last 36 years. His guidance and expertise
as both the CEO of DJJ and as EVP of Nucor have been instrumental to our
combined success. Our company and our stockholders have greatly benefited from
Keith's innumerable contributions to our raw materials strategy and our
continued focus on reducing our cost structure.
"In recent years, the Nucor management team has considered succession planning
to be a top strategic initiative throughout the organization. Craig Feldman, a
28-year veteran of DJJ, will continue to serve as DJJ's President, a position
he has held since January 2013. His responsibilities in the DJJ organization
will remain unchanged, and he is well-positioned to continue DJJ's profitable
growth. Joe Stratman's 25 years of experience, both at operating divisions and
at corporate, will ensure us continued success in the raw materials segment."
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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