Service Centers
Reliance Steel Promotes Execs
Written by Laura Miller
May 19, 2022
Reliance Steel & Aluminum Co. announced a series of executive changes this week.
The company’s current senior vice president of operations, Michael P. Shanley will be retiring from the company at the end of the year. As of July 1, Shanley will shift to the role of special advisor, reporting directly to Reliance’s CEO Jim Hoffman, to help with the transition of his role.
“On behalf of the entire Reliance team, I would like to express our appreciation for Mike Shanley’s 44 years of service to our company, including his time at Liebovich… His leadership skills and dedication to growth, innovation and customer service have been integral to our success. We congratulate Mike and wish him all the best in his retirement,” Hoffman said.
Effective July 1, Stephen P. Koch will be promoted from his current position of senior vice president of operations to executive vice president and chief operating officer. Prior to his role as senior vp of operations, which began in 2010, Koch worked for 22 years at Chapel Steel Corp., most recently serving as president.
Michael R. Hynes will also be promoted from president of Phoenix Metals to Reliance’s senior vice president of operations, effective July 1. Phoenix Metals is a network of 14 metal service centers across the US and a wholly-owned subsidiary of Reliance. Hynes has 34 years of experience in the metals service center industry, having spent the latter half of those years with Reliance.
“To support our proven, sustainable business model and leading position as a global diversified metal solutions provider, Reliance maintains a deliberate succession planning process developed in partnership with our Board of Directors. To this end, we are very pleased to announce the well-deserved promotions of Steve Koch and Mike Hynes. We are confident their experience and leadership will play an important role in Reliance’s continued growth,” Hoffman commented.
Los Angeles-based Reliance operates 315 locations in 40 states and 12 countries outside of the United States. The service center chain focuses on small orders with quick turnaround and increasing levels of value-added processing.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Service Centers
Miami Valley Steel Service announces personnel changes
The Piqua, Ohio-based service center announced the retirement of its CFO and other personnel changes.
October service center shipments and inventories report
Flat rolled = 63.4 shipping days of supply Plate = 52.4 shipping days of supply Flat rolled shipments and inventories Flat-rolled steel supply at US service centers remains seasonally high. October inventories increased after edging lower in September – a dynamic driven largely by disappointing demand. October’s report reflects lower demand and stable lead times […]
Russel Metals to acquire Tampa Bay Steel
Tampa Bay Steel, a Florida-based steel distributer and metal processer, generated average annual revenues of about US$115 million
Friedman swings to loss amid ‘challenging’ market
Friedman Industries swung to a loss in its fiscal second quarter ended Sept. 30 amid “challenging” business conditions.
Worthington Steel taps Larivey as flat-rolled steel president
Worthington Steel has named Cliff Larivey as the company’s president of flat-rolled steel processing, effective Dec. 1. He will replace Jeff Klingler, who had been performing the role for the past year.