SEATTLE (Scrap Monster): Fort Wayne, Indiana-headquartered Steel Dynamics, Inc. (SDI) announced key changes to its Board.
According to company press release, Keith E. Busse, one among the company founders, has stepped down as the Chairman of the Board to ensure an orderly transition of board leadership. He will continue to remain as a director. Also, James C. Marcuccilli will continue to remain the Company's lead independent director. Effective immediately, Mark D. Millett, a founder and its President and Chief Executive Officer, will also serve as the Chairman of the Board.
Mr. Busse said that Mark has done a tremendous job in leading the company. He has a clear strategic vision for the company and has demonstrated effective execution of this strategy. He expressed confidence that Mark and his exemplary team will propel the company forward through the next stage of growth.
Meantime, Mark D. Millett thanked Keith on behalf of the Board of Directors, for his contributions and valuable insights. His expertise in the industry, multitude of business relationships and wise judgments has been instrumental in guiding the company through many business and developmental milestones, he added.
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