Fort Wayne-based Steel Dynamics (Nasdaq: STLD) has announced three new leadership positions. The roles are being created in response to the retirement of company co-founder Richard Teets, Jr.
Teets, who also serves as executive vice president of steelmaking and president and chief operating officer of steel operations, will retire on March 31. He will remain on the company’s board of directors and will provide consulting services to the company through the end of the year.
"Dick and I have worked together for decades and he has played a key role in SDI’s success, as a co-founder of Steel Dynamics along with Keith Busse and myself, a member of the board and an outstanding leader of people," said Mark Millett, chief executive officer. "Dick’s engineering talent, operating knowledge and negotiating ability have touched every aspect of the company’s operations, creating novel approaches to problem solving and unique business models that help to differentiate us from our peers and drive superior performance"
As a result of Teets’ retirement, Steel Dynamics has named Christopher Graham senior vice president of downstream manufacturing group. Graham has previously served as vice president of the company and president of its fabrication operations.
The company has also named Glenn Pushis senior vice president of long products steel group and Barry Schneider senior vice president of flat roll steel group. All three positions will report directly to the CEO.
"The three individuals that will be placed in these roles embody SDI’s culture of excellence and innovation, and each has been with the company in various roles of increasing responsibility since our beginning, over 20 years ago," said Millett. "They each bring a unique skillset and strength of leadership that will be even more evident in their expanded roles. I am looking forward to working even more closely with each of them in the coming months."