By Steel Dynamics Names Wagler as Next CEO in Planned Leadership Transition
Steel Dynamics has named Theresa E. Wagler as its next President and Chief Executive Officer, effective January 1, 2027, as part of a long-term succession plan. Long-time CEO and co-founder Mark D. Millett will retire from the role and become Executive Chairman of the board.
- Steel Dynamics named Theresa E. Wagler as next CEO.
- The change takes effect on January 1, 2027.
- Mark D. Millett will become Executive Chairman.
- Richard A. Poinsatte will become CFO on January 1, 2027.
- Wagler has been appointed to the board immediately.
- Several senior leadership changes begin on September 1, 2026.
The leadership changes, unanimously approved by the company's board of directors, are part of a succession plan designed to ensure continuity as Steel Dynamics continues to expand its global metals business.
Why the succession matters
The transition marks a planned handoff at one of the metals sector's leading companies. It also keeps long-time executives in key roles as the company prepares for its next phase of growth.
A company news release said Wagler has been appointed to the company's board of directors with immediate effect.
Leadership changes ahead
As part of the transition, Richard A. Poinsatte, currently Executive Vice President and Treasurer, will succeed Wagler as Executive Vice President and Chief Financial Officer on January 1, 2027.
Steel Dynamics also announced several senior leadership appointments effective September 1, 2026, aimed at supporting future growth.
Wagler's background
Wagler joined Steel Dynamics in 1998. She has served as Executive Vice President, Chief Financial Officer and Corporate Secretary since 2007.
Wagler has played a critical role in guiding Steel Dynamics through more than three decades of growth, transforming it into one of the world's leading metals solutions companies.
Wagler's extensive experience and leadership will help drive the company's next phase of growth and value creation, noted Kenneth Cornew, Lead Independent Director.
People Also Ask
Who will be Steel Dynamics' next CEO?
Theresa E. Wagler will become President and Chief Executive Officer.
When does the CEO change take effect?
The change takes effect on January 1, 2027.
What role will Mark D. Millett take?
Mark D. Millett will retire as CEO and become Executive Chairman of the board.
Who will become CFO?
Richard A. Poinsatte will succeed Wagler as Executive Vice President and Chief Financial Officer.
When were the board-approved changes announced?
The board unanimously approved the leadership changes as part of the succession plan.
