Steel Dynamics Inc.
Steel Dynamics Announces Retirement of Key Board Members Richard P. Teets, Jr. and Gabriel L. Shaheen
Summary
Steel Dynamics, Inc. announced on March 25, 2026, that Richard P. Teets, Jr. and Gabriel L. Shaheen will retire from the Board of Directors at the end of their current terms and will not stand for reelection at the 2026 Annual Meeting. Both retirements are not due to any disagreements with the company. The company's Chairman and CEO, Mark D. Millett, expressed deep appreciation for their contributions, highlighting their roles in the company's success and industry leadership. The Board's size will be reduced from nine to seven members effective at the Annual Meeting.
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About Steel Dynamics Inc.
Steel Dynamics Inc. is a leading American steel producer that plays a crucial role in the manufacturing and construction industries. Known for its vertically integrated business model, the company operates through a network of steel mills, production facilities, and supply chains that enhance efficiency and cost-effectiveness. Steel Dynamics Inc. specializes in flat-rolled steel products, long products, and various other related metals catering to industries such as automotive, construction, and industrial manufacturing. Founded in 1993 and headquartered in Fort Wayne, Indiana, Steel Dynamics has established itself as a significant player in the steel production sector through innovation and sustainability efforts, such as recycling and minimizing waste. The company significantly impacts the construction and infrastructure industries by providing essential materials for roads, bridges, and buildings. Its role extends to impacting global trade and market dynamics, particularly within the North American steel industry. Steel Dynamics Inc. continues to evolve its technological capabilities and product offerings, solidifying its importance in the global steel market as a reliable source of high-quality steel products.
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