CHARLOTTE, N.C., May 9, 2014 /PRNewswire/ — Nucor Corporation announced today that Chad Utermark, Vice President and General Manager of Nucor-Yamato Steel Company, has been promoted to Executive Vice President of beam and plate products effective May 11, 2014. Joe Stratman, who has served as Executive Vice President of beam and plate products since 2007, will continue to focus on the business development activities for which he assumed responsibility in 2010.
Mr. Utermark, 46, began his career with Nucor as a utility operator at Nucor Steel-Arkansas in 1992, became shift supervisor in 1995 and was promoted to Hot Mill Manager in 1999. In 2003, he transferred to Nucor Steel-Texas as their Roll Mill Manager and was promoted to General Manager in 2008 and Vice President in 2009. Mr. Utermark has served as Vice President and General Manager of Nucor-Yamato Steel Company since 2011.
Also effective May 11, Leon Topalian, 46, Vice President and General Manager of Nucor Steel Kankakee, Inc., will become Vice President and General Manager of Nucor-Yamato Steel Company. A replacement for Mr. Topalian will be named at a later date.
John Ferriola, Nucor’s Chairman, CEO and President, commented, “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. 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.” (Source: Nucor Corporation)
Sandy WilliamsRead more from Sandy Williams
Latest in Steel Mills
Stelco Considering Bid for U.S. Steel: Bloomberg
Canadian steelmaker Stelco Holdings Inc. is now in the mix to purchase U.S. Steel, according to an article in Bloomberg on Thursday, which cited people familiar with the matter.
USS Expects Lower Q3 Earnings, Says UAW Strike Partly To Blame
U.S. Steel expects earnings to drop in the third quarter vs. the prior quarter and the same period a year earlier as the company adjusts production because of the United Auto Workers (UAW) union strike.
SDI to Provide Steel for Mercedes Plant in Alabama
Steel Dynamics Inc. (SDI) and Mercedes-Benz have signed an agreement for the automaker to source 50,000 metric tons of C02-reduced steel for its plant in Tuscaloosa, Ala.
Algoma’s CEO Highlights the Switch to Greener Steelmaking
As the world works to decarbonize and limit greenhouse-gas emissions to reach the goals outlined in the Paris Agreement, many steel companies have joined others in setting their own targets to reach net zero emissions by 2050.
U.S. Steel Idling Granite City ‘B’ Furnace in Response to UAW strike
U.S. Steel said on Monday it plans to temporarily idle blast furnace ‘B’ at its Granite City Works near St. Louis. The Pittsburgh-based steelmaker said it made the move in response to the United Auto Workers (UAW) union strike against “Big Three” automakers Ford, General Motors, and Stellantis. “Following the announcement of UAW strike actions, […]