Steel Mills
Reliance Promotes Lewis to President, Former CEO Hannah Retires from Board
Written by Michael Cowden
January 18, 2021
Reliance Steel & Aluminum Co. has promoted Karla R. Lewis to the role of president and given her a seat on the company’s board of directors. Both moves were effective on Jan. 15 and were part of Reliance’s executive succession plan, the company said.
“Karla has been at the center of Reliance’s extremely well executed growth strategy and her knowledge of both Reliance and the larger metals service center industry is extraordinary,” Chairman of the Board Mark Kaminski said in a statement.
Lewis, who joined Reliance in 1992, most recently served as senior vice president and chief financial officer.
Arthur Ajemyan, who joined Reliance in 2005 from PricewaterhouseCoopers LLP, has been promoted to CFO.
Reliance also said that David H. Hannah, a long-time former chief executive officer, would retire from its board and not stand for re-election at the company’s 2021 annual shareholders meeting.
Hannah, who joined Reliance in 1981, was CEO from 1999 to 2015. He led its 1994 initial public offering and an aggressive growth strategy that resulted in Reliance becoming the largest metals service center in North America.
“For 40 years, Dave Hannah has personified Reliance’s culture of excellence and integrity. The Reliance board and I deeply appreciate Dave’s long and distinguished record of accomplishments,” Kaminski said.
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.