Steel Mills
Karla Lewis To Be Reliance President and CEO Effective Jan. 1
Written by Laura Miller
October 11, 2022
Service center behemoth Reliance Steel & Aluminum Co. will have a new leader come the start of 2023.
Current CEO James D. Hoffman will step down from his position at the end of this year, allowing current company president Karla Lewis to step up and serve as both president and CEO, effective Jan. 1, 2023.
Hoffman, who will maintain his position on Reliance’s Board of Directors, will serve as a senior advisor to Lewis until his official retirement in December 2023.
Reliance’s Board expressed its gratitude to Hoffman for guiding the company “through the pandemic while maintaining focus on operational excellence,” as well as contributing to its safety culture, corporate integrity, record revenues, profitability, and earnings per share.
Lewis, having already served on Reliance’s management team for 30 years, “brings unique, firsthand knowledge of Reliance’s operations, financial position, and strategic vision,” the Board said. “…We are confident that she will expand upon her record of accomplishments while strengthening Reliance’s position as the premier metals service center company in North America.”
Reliance operates approximately 315 locations in 14 states and 13 countries. Its principal executive office is in Scottsdale, Ariz.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Steel Mills
Nippon/USS file lawsuits against US government, Cliffs, and USW
Nippon Steel and U.S. Steel have filed two lawsuits, one against the US government, and the other against Cleveland-Cliffs and United Steelworkers (USW) union.
CMC earnings slip on slow construction, low prices
Slow construction activity and low steel prices weighed down profits for Commercial Metals Company.
Leibowitz: Biden block of Nippon-USS deal has broad, mostly bad consequences
As one of my university professors once said (and it’s stuck with me for half a century), “Change is the only permanency.” On Friday, President Biden acted to block the acquisition of United States Steel by Nippon Steel Corp. of Japan, without acknowledging the changes that have already occurred in the steel industry, and which are likely to increase. After more than a year of raging debate, it seems that nobody was convinced by arguments. Nippon’s worker-centered concessions, including safeguarding the jobs of U.S. Steel’s unionized workers and committing to more than $2 billion in investments for the aging plants at Gary, Ind., and the Mon Valley complex in Pennsylvania, were not mentioned in the president’s announcement on Friday.
Burritt hits back after Biden thwarts USS/Nippon deal
The chief executive of U.S. Steel has come out against President Biden’s decision to block the USS/Nippon Steel deal, calling it “corrupt.”
Algoma to see Q4 loss as cold commissioning of EAF project begins
“We continue to make significant progress in our strategic transformation to become one of North America's leading low-carbon steel producers, setting the stage for an exciting 2025,” CEO Michael Garcia said.