Management ChangeAug 4, 2026, 10:03 AM
Steel Dynamics Announces CEO Succession, New Executive Chairman
AI Summary
Steel Dynamics announced a comprehensive leadership succession plan. Mark D. Millett will retire as CEO on January 1, 2027, and assume the role of Executive Chairman. Theresa E. Wagler, currently Executive Vice President and CFO, will succeed Millett as President and CEO, and has been appointed to the Board of Directors immediately. Richard A. Poinsatte will become Executive Vice President and CFO. Additionally, several other senior leadership appointments were made, effective September 1, 2026, to support the company's long-term growth and strategic initiatives.
Key Highlights
- Mark D. Millett to retire as CEO effective January 1, 2027, transitioning to Executive Chairman.
- Theresa E. Wagler appointed President and CEO, effective January 1, 2027.
- Theresa E. Wagler immediately appointed to the Board of Directors, increasing board size to eight.
- Richard A. Poinsatte to become Executive VP and CFO, effective January 1, 2027.
- Barry Schneider appointed Executive VP and Chief Technology Officer, effective September 1, 2026.
- Miguel Alvarez appointed Executive VP and COO Aluminum Flat Rolled Products and Metals Recycling Operations, effective September 1, 2026.
- James Anderson appointed Executive VP and COO Construction Products Operations, effective September 1, 2026.
- Christopher Graham appointed Executive VP and COO Flat Rolled Steel Operations, effective September 1, 2026.
Price Impact
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