Steel Dynamics (NASDAQ: STLD) details CEO handoff to Wagler
Rhea-AI Filing Summary
Steel Dynamics, Inc. announced a planned leadership transition in which Mark D. Millett will retire as Chief Executive Officer and become Executive Chairman effective January 1, 2027. On that date, Theresa E. Wagler, currently Executive Vice President and Chief Financial Officer, will assume the role of President and Chief Executive Officer, while Richard A. Poinsatte will become Executive Vice President and Chief Financial Officer.
Effective immediately, Ms. Wagler joins the board of directors and the board size increases from seven to eight members. Additional senior leadership changes take effect September 1, 2026, including Barry Schneider becoming Executive Vice President and Chief Technology Officer and expanded Chief Operating Officer roles for Miguel Alvarez, James Anderson, and Christopher Graham, aligning responsibilities with aluminum, construction products, and flat rolled steel operations. The company describes these moves as part of a thoughtful succession planning process supporting long-term growth.
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Filing Explained
The filing leaves compensation for Mark D. Millett, Theresa E. Wagler, and Richard A. Poinsatte unresolved: the company says its Compensation Committee will determine any material changes and that it will amend the filing as required.
8-K Event Classification
Key Figures
Key Terms
Executive Chairman financial
succession planning process financial
circular manufacturing model technical
decarbonization strategy technical
metals recycling platform technical
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FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 3, 2026, Mark D. Millett, Steel Dynamics, Inc.’s (the “Company”) Chairman and Chief Executive Officer gave notice to the Company’s Board of Directors (the “Board”) of his intention to retire as Chief Executive Officer of the Company effective January 1, 2027. The Board has appointed Mr. Millett as the Company’s Executive Chairman concurrently with his retirement as Chief Executive Officer.
The Board made the following additional appointments effective January 1, 2027: (i) Theresa E. Wagler, the Company’s Executive Vice President and Chief Financial Officer, will become the Company’s President and Chief Executive Officer and (ii) Richard A. Poinsatte, the Company’s Executive Vice President and Treasurer, will become the Company’s Executive Vice President and Chief Financial Officer. Effective immediately, the Board appointed Ms. Wagler as a member of the Board and increased the size of the Board from seven to eight members.
The Board made the following appointments effective September 1, 2026: (i) Barry Schneider, the Company’s President and Chief Operating Officer, will become the Company’s Executive Vice President and Chief Technology Officer, (ii) Miguel Alvarez, the Company’s Senior Vice President Aluminum Group, will become the Company’s Executive Vice President and Chief Operating Officer Aluminum Flat Rolled Products and Metals Recycling Operations, (iii) James Anderson, the Company’s Senior Vice President Long Products Steel Group, will become the Company’s Executive Vice President and Chief Operating Officer Construction Products Operations, and (iv) Christopher Graham, the Company’s Senior Vice President Flot Roll Steel Group, will become the Company’s Executive Vice President and Chief Operating Officer Flat Rolled Steel Operations.
The information required by Items 401(b), 401(d), 401(e) and 404(a) of Regulation S-K for the foregoing individuals is included on pages 6 and 7 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on February 27, 2026, and on page 28 of the Company’s Definitive Proxy Statement related to the Company’s 2026 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on March 27, 2026, and such portions of such reports are incorporated herein by reference.
Any material changes to Mr. Millett’s, Ms. Wagler’s, or Mr. Poinsatte’s compensation will be determined by the Compensation Committee of the Board, and the Company will amend this Current Report on Form 8-K as required.
Item 7.01. Regulation FD Disclosure.
On August 4, 2026, the Company issued a press release titled “Theresa E. Wagler to become Steel Dynamics’ President and Chief Executive Officer; Mark D. Millett to become Steel Dynamics’ Executive Chairman.” A copy of that press release is attached hereto as Exhibit 99.1.
The information contained in Exhibit 99.1 is furnished under this Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing thereunder or under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in any such filing.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibit is furnished with this report:
| Exhibit Number | Description |
| 99.1 | A press release dated August 4, 2026, titled “Theresa E. Wagler to become Steel Dynamics’ President and Chief Executive Officer; Mark D. Millett to become Steel Dynamics’ Executive Chairman.” |
| 104 | Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.
| STEEL DYNAMICS, INC. |
| /s/ Theresa E. Wagler | ||
| Date: August 4, 2026 | By: | Theresa E. Wagler |
| Title: | Executive Vice President and Chief Financial Officer |
Exhibit 99.1
Press Release August 4, 2026 |
7575 W. Jefferson Blvd. Fort Wayne, IN 46804 |
Theresa E. Wagler to become Steel Dynamics’ President and Chief Executive Officer;
Mark D. Millett to become Steel Dynamics’ Executive Chairman
Senior Leadership Organizational Changes Positioning Steel Dynamics for Long-Term Growth
FORT WAYNE, INDIANA August 4, 2026 / PRNewswire / Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company’s board of directors unanimously approved that effective January 1, 2027, Theresa E. Wagler will become the company’s President and Chief Executive Officer upon Mark D. Millett’s concurrent retirement as CEO and transition to Executive Chairman of the board of directors. Ms. Wagler will become a member of the Steel Dynamics’ board of directors effective immediately.
Today’s announcement reflects the culmination of a thoughtful and comprehensive succession planning process and supports continuity as Steel Dynamics continues to advance its strategy as a world leading metals solutions company.
“On behalf of the board of directors, I want to thank Mark for his exceptional leadership and contributions to the global industry and to the outstanding company he co-founded over 30 years ago,” said Kenneth Cornew, the company’s Lead Independent Director. “Under Mark’s leadership the company has gone through a period of unprecedented transformational growth, while strengthening Steel Dynamics entrepreneurial culture, strategic positioning, and opportunity for continued long-term success. We are thankful to have him transition into the role of Executive Chairman in the new year.
“We congratulate Theresa on her appointment as President and CEO,” continued Cornew. “Theresa has served as Executive Vice President and CFO since 2007 and has been an integral part of the strategy and leadership of the company since joining Steel Dynamics 28 years ago. She is disciplined, strategic, and a highly respected leader with a deep understanding of Steel Dynamics’ culture, strategy, and businesses. This appointment reflects our confidence in her ability to lead the company forward into its next chapter of growth and value creation for our teams, customers, and shareholders.”
“Theresa’s appointment recognizes her leadership as the company has grown,” said Millett. “We have worked together for decades, and she has played a pivotal role in our success. Theresa has earned the full confidence of the board and the leadership team, and I am proud and excited to transition the role of Chief Executive Officer to her.”
Richard A. Poinsatte, the company’s Executive Vice President and Treasurer, will succeed Wagler as the company’s Executive Vice President and Chief Financial Officer on January 1, 2027. Additionally, in support of the company’s long-term growth, succession plan, and talent development, the following senior leadership changes are taking place effective September 1, 2026:
| § | Barry Schneider, Executive Vice President and Chief Technology Officer |
Barry Schneider will be assuming the new strategic growth role of Executive Vice President and Chief Technology Officer. The company is adding this executive leadership role to drive product and technology development, process innovation, and capitalize on the company’s continued decarbonization journey. In this new role, Mr. Schneider will also assume oversight of the company’s decarbonization strategy and continue to have companywide oversight of safety and information technology. Mr. Schneider has been with Steel Dynamics since the beginning, holding various leadership roles within the entire organization.
| § | Miguel Alvarez, Executive Vice President and Chief Operating Officer Aluminum Flat Rolled Products and Metals Recycling Operations |
In addition to his current oversight of the company’s new strategic aluminum investments, Mr. Alvarez will assume executive oversight of the company’s metals recycling business, with Matt Bell, Vice President of Metals Recycling, continuing to lead the platform, reporting directly to Mr. Alvarez. Mr. Alvarez joined the company in 2019 as Senior Vice President, Southwest U.S. and Mexico to support the company’s steel and metals recycling growth strategy in that region. Subsequently, he was promoted to lead the company’s metals recycling platform from March 2022 to October 2025.
| § | James Anderson, Executive Vice President and Chief Operating Officer Construction Products Operations |
In addition to his current oversight of the company’s long products steel group, Mr. Anderson will assume executive oversight of the company’s steel fabrication business, with Chad Bickford, Vice President of Steel Fabrication, continuing to lead the platform, reporting directly to Mr. Anderson. Mr. Anderson joined SDI in 2007, as a principal of an acquired flat rolled steel galvanizing company. Subsequently, he was promoted to lead the company’s steel fabrication business from 2015 to 2024, where he successfully diversified and grew the business.
| § | Christopher Graham, Executive Vice President and Chief Operating Officer Flat Rolled Steel Operations |
Mr. Graham has been promoted in recognition of the scale of the company’s flat rolled steel operations and continued associated product diversification and growth opportunities, as well as his leadership contributions to the company overall, especially within the discipline of maintaining the company’s performance-driven, entrepreneurial culture. Mr. Graham has been with Steel Dynamics since the beginning, holding various leadership roles within the steel and steel fabrication operations.
About Theresa E. Wagler
Ms. Wagler has been the company’s Executive Vice President, Chief Financial Officer and Corporate Secretary since May 2007. Ms. Wagler joined Steel Dynamics in 1998, and has held various strategic, operational, finance, and accounting positions. She is responsible for and oversees the areas of accounting and taxation, treasury, risk management, legal, cybersecurity, human resources, companywide decarbonization strategy, and strategic business development, as well as, financial planning and analysis, investor relations, and corporate communications. Ms. Wagler has been especially influential and instrumental in the company’s strategic growth positioning, differentiation, and capital allocation execution.
Additionally, Ms. Wagler also has held leadership roles for companywide safety, expansion and commercialization of copper wire and rod operations, and expansion and commercialization of decarbonized product offerings through the use of biocarbon.
Prior to joining Steel Dynamics, Ms. Wagler was a certified public accountant with Ernst & Young LLP. Ms. Wagler graduated from Taylor University with a bachelor’s degree in accounting and systems analysis. In addition, she serves as a director, a member of the audit committee, and chairperson of the compensation committee for CF Industries Holdings, Inc., a public company. She also serves as a trustee for Trine University and a director for the Metals Service Center Institute.
About Richard A. Poinsatte
Mr. Poinsatte was appointed Senior Vice President in October 2023, and as Treasurer is responsible for the areas of treasury, legal, business development, cybersecurity, business development, and risk management. Mr. Poinsatte joined Steel Dynamics in 2000, as the Chief Financial Officer of one of the company’s joint venture businesses, which is now part of the steel fabrication platform. During his time, he has held positions of increasing responsibility, including the operating position of General Manager of the company’s Florida steel fabrication plant. Since 2008, he served as Treasurer and has been responsible for the company’s treasury strategy, investment portfolio, risk management, and legal applications, along with numerous other companywide financial applications.
Prior to joining Steel Dynamics, Mr. Poinsatte was a certified public accountant with Ernst & Young LLP. Mr. Poinsatte earned a Bachelor of Business Administration with a concentration in accounting from the University of Notre Dame. In addition, Mr. Poinsatte serves as the Chairman of the Board of Trustees for the University of Saint Francis.
About Steel Dynamics, Inc.
Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company also invested in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.
Contact: Investor Relations — +1.260.969.3500