Steel Mills

Nucor Promotes Chad Utermark To Executive Vice President
Written by Sandy Williams
May 10, 2014
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 Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.