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Reliance Names Chairman of the Board and CEO
Oct. 22, 2007 Reliance Steel & Aluminum Co. announced that David H. Hannah, currently Chief Executive Officer was elected to the additional role of Chairman of the Board, effective October 17, 2007.
Hannah, 56, became Chief Executive Officer of Reliance in January 1999, having served as President from November 1995 to January 2002. He was appointed a Director in 1992, and had previously served as an Executive Vice President and as Chief Financial Officer since joining Reliance in May 1981.
“Dave has been an invaluable leader for the past 26 years, and the company has prospered very well under his direction,” said Joe D. Crider, a Director and previous non-executive Chairman of the Board of Reliance. “He is essential to the future success of Reliance and will continue to guide the company’s outstanding management team going forward.”
Crider, 78, became Chairman of the Reliance Board in February 1997. He also served as CEO from 1994-1999 and was President until November 1995. He has served as a Director since 1987. His commitment to Reliance spans over 45 years.
Crider will continue as a Director until his term expires in May 2008, at which time he plans to retire from the Reliance Board of Directors. “We recognize the wisdom, guidance and accomplishments that Joe has contributed to Reliance throughout his stellar career and we also appreciate his dedication to the Company’s growth and success,” said David Hannah.
This succession plan was put in place by the company’s independent Directors and Members of the Nominating and Governance Committee.
Headquartered in Los Angeles, Calif., Reliance Steel & Aluminum is one of the largest metals service center companies in the United States. Through a network of more than 180 locations in 37 states and Belgium, Canada, China, South Korea and the United Kingdom, the company provides value-added metals processing services and distributes a full line of over 100,000 metal products.