Steel Mills
Nucor Announces Retirement of Executive Vice President Keith Grass
Written by Sandy Williams
August 1, 2014
Keith Grass, Nucor’s Executive Vice President of Raw Materials and Chief Executive Officer of The David J. Joseph Company will retire effective September 12, 2014.
Mr. Grass began his career with DJJ in 1978, serving as President of DJJ from 2000 until December 2012 and CEO of DJJ since 2000. He was appointed Executive Vice President of Nucor Corporation when DJJ became part of Nucor in 2008.
Joe Stratman, Nucor Executive Vice President, 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.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.
USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.
Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.