Distributors/Service Centers
Steel Technologies Names New Leadership
Written by Sandy Williams
December 21, 2020
Flat rolled processor Steel Technologies announces the succession of Thad Solomon to President and Chief Executive Officer following the retirement of Michael J. Carroll.
Carroll is retiring after 41 years with the company, serving as President and CEO since 2010 and President and Chief Operations Officer since 1999.
Solomon was appointed Chief Operations Officer in August 2020 and has held several key leadership roles in his 29 years of steel industry experience, including most recently Vice President and General Manager of Nucor-Yamato Steel Company.
Jun Ozone will join Steel Technologies as the new COO from his present position at Mitsui & Co. His background includes extensive experience in the automotive and service center industries.
Steel Technologies has grown from a small operation in Eminence, Ky., to a leading flat rolled processor in North America with 26 facilities.
“The succession plan is designed to expand the company’s talented management team with two high caliber executives. We have positioned the company for accelerated growth and are committed to expanding the value we bring to our customers,” said Carroll. The executive transitions will be effective Feb. 1, 2021.
Sandy Williams
Read more from Sandy WilliamsLatest in Distributors/Service Centers
Breaking News: M&A blockbuster as Ryerson, Olympic Steel announce merger
National service center chains Ryerson Holding Corp. and Olympic Steel Corp. have announced a merger between the two companies.
Ryerson reports net loss in Q3 as weak demand offsets tariff price support
Ryerson Holding Corp. Third quarter ended Sept. 30 2025 2024 % Change Net sales $1,161.5 $1,126.6 3.1% Net earnings (loss) $(14.8) $(6.6) 124.2% Per diluted share $(0.46) $(0.20) 130.0% Nine months ended Sept. 30 Net sales $3,466.5 $3,591.3 -3.5% Net earnings (loss) $(18.5) $(4.3) 330.2% Per diluted share $(0.58) $(0.13) 346.2% (in millions of dollars […]
Reliance profits dip amid trade policy headwinds
Reliance Inc. reported lower profits in the third quarter amid trade woes and abundant inventory in the market.
Olympic Steel taps Norred for GM role in Georgia
Olympic Steel Inc. has appointed Larry N. Norred, Jr. to the role of general manager for its Buford (fabrication) and Winder (metal processing) operations in Georgia.
Nova Steel acquires Sheffield Steel Products
Canada's Nova Steel has fully acquired all of the assets of Ohio's Sheffield Steel Products.