Nucor Executive Vice President Chad Utermark to Retire

Rhea-AI Summary

Nucor (NYSE: NUE) announced that Chad Utermark, Executive Vice President of New Markets and Innovation, will retire effective June 7, 2025. Utermark's 33-year career at Nucor began in 1992 as a utility operator, progressing through various leadership positions before his promotion to Executive Vice President in 2014.

During his tenure, Utermark played a important role in implementing Nucor's Expand Beyond vision, leading strategic acquisitions that established several key divisions including Nucor Data Systems, Door Technologies, Insulated Panel Group, Towers & Structures, and Warehouse Systems. The company, recognized as North America's largest recycler, operates facilities across the United States, Canada, and Mexico, manufacturing a diverse range of steel and steel products.

Positive

• Strategic expansion through multiple successful acquisitions under Utermark's leadership
• Demonstrated strong succession planning with internal career progression
• Diversified product portfolio across multiple steel segments

Negative

• Loss of experienced executive leadership in innovation and new markets division

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."

About Nucor

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.

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SOURCE Nucor Corporation

FAQ

When is Nucor EVP Chad Utermark retiring and who will replace him?

Chad Utermark will retire as Nucor's EVP of New Markets and Innovation on June 7, 2025. No successor has been announced in the press release.

What major acquisitions did Chad Utermark lead at Nucor (NUE)?

Utermark led acquisitions establishing Nucor Data Systems, Door Technologies, Insulated Panel Group, Towers & Structures, and Warehouse Systems as part of the company's Expand Beyond vision.

How long did Chad Utermark work at Nucor (NUE)?

Chad Utermark worked at Nucor for 33 years, starting in 1992 as a utility operator and progressing to Executive Vice President in 2014.

What are Nucor's (NUE) main products and operations?

Nucor manufactures steel products including bars, beams, sheet, plate, tubing, electrical conduit, racking, piling, joists, and metal building systems across facilities in the US, Canada, and Mexico.