Reliance, Inc. Announces Appointment of John G. Sznewajs to Board of Directors
Rhea-AI Summary
Reliance (NYSE:RS) has appointed John G. Sznewajs as an independent member of its Board of Directors, effective October 1, 2025. The appointment expands Reliance's Board to nine members, with eight being independent directors.
Sznewajs, 58, brings significant expertise in finance, global markets, and corporate strategy. He currently serves as a partner at Shore Capital and is a board member of CMS Energy Corporation. Previously, he held the position of Vice President and CFO at Masco Corporation from 2007 to 2023.
Positive
- Addition of experienced financial executive with global market expertise
- Strengthens board independence with 8 out of 9 directors being independent
- Brings valuable experience from major corporations including Masco and CMS Energy
Negative
- None.
News Market Reaction – RS
In the Oct 1 session, RS gained 0.83%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHOENIX, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today announced the appointment of John G. Sznewajs, 58, as an independent member of the Company’s Board of Directors. Mr. Sznewajs’ term took effect on October 1, 2025 and will expire at the Company’s 2026 Annual Meeting of Stockholders. Following the appointment of Mr. Sznewajs, Reliance’s Board will be comprised of nine members, eight of whom are independent.
"We are thrilled to have John join our Board,” said Douglas Stotlar, Chairman of Reliance’s Board of Directors. “He is an exceptional leader with deep financial expertise and understanding of global markets. John’s unique perspective and wealth of experience will be a tremendous asset to Reliance.”
Karla Lewis, Reliance’s Chief Executive Officer, added: “I am pleased to welcome John as a new independent director on Reliance’s Board. John is a respected and experienced executive with expertise in corporate strategy, finance and financial markets, multinational industrial business operations, information technology, and corporate and business development.”
Mr. Sznewajs is a partner at Shore Capital, a lower middle-market private equity firm. From 2007 to 2023, Mr. Sznewajs served as the Vice President and Chief Financial Officer of Masco Corporation (NYSE: MAS), a global manufacturer and marketer of branded home improvement and building products and services. Mr. Sznewajs also currently serves as a director of CMS Energy Corporation (NYSE: CMS), an energy company operating primarily in Michigan, and serves on its audit, finance, and executive committees. Mr. Sznewajs earned a Bachelor of Arts in economics from Kalamazoo College and a Master of Business Administration degree from The University of Chicago Booth School of Business.
About Reliance, Inc.
Founded in 1939, Reliance, Inc. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 320 locations in 41 states and 10 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and value-added processing services. In 2024, Reliance’s average order size was
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