Nucor Announces Retirement of Executive Vice President Keith Grass

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.”