1. Chad Utermark to retire as EVP effective June 7, 2025. 2. Utermark has been with Nucor since 1992, influencing company culture. 3. He led key acquisitions under the 'Expand Beyond' vision. 4. Leon Topalian praises Utermark's dedication and leadership. 5. Nucor is a major steel manufacturer with a broad product range.
Utermark's retirement may create temporary uncertainty. However, his legacy supports stability.
Executive changes can affect strategic direction and investor sentiment in the long term.
Leadership transitions take time to unfold, with effects seen over months to years.
CHARLOTTE, N.C., April 4, 2025 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Chad Utermark, Executive Vice President of New Markets and Innovation, plans to retire effective June 7, 2025.
Mr. Utermark began his Nucor career in 1992 as a utility operator at Nucor Steel Arkansas and has worked in various positions and businesses, including as Hot Mill Manager at Nucor Steel Arkansas; Roll Mill Manager at Nucor Steel Texas; Vice President and General Manager of Nucor Steel Texas and Vice President and General Manager of Nucor-Yamato Steel Company. He was promoted to Executive Vice President in 2014.
Leon Topalian, Nucor's Chair, President and Chief Executive Officer commented, "On behalf of the entire Nucor team, I wish to thank Chad for his dedication and leadership over the last three decades. Chad's unwavering commitment to Nucor's culture and his genuine care for others has impacted the lives of thousands of Nucor team members, customers and communities. In recent years, he brought our Expand Beyond vision to life, leading acquisitions that established our Nucor Data Systems, Nucor Door Technologies, Nucor Insulated Panel Group LLC, Nucor Towers & Structures Inc. and Nucor Warehouse Systems Inc. businesses. He leaves behind an incredible foundation for Nucor's future, but also a lasting legacy as a consummate team player and a living example of our culture. I wish him, his wife Tamisha and their family a long and happy retirement."
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
SOURCE Nucor Corporation