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

CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."

Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets

Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.

Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.

Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”