TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Nucor's Ferriola to succeed DiMicco

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

NUE $39.43 +$0.07

at close on FRIDAY

Daily Photo Galleries

By Sonja Elmquist C.2012 Bloomberg News
Saturday, Nov. 17, 2012, 12:01 a.m.
 

Nucor Corp., the largest U.S. steelmaker by market value, said Chief Operating Officer John J. Ferriola will take over from Daniel R. DiMicco as chief executive officer on Jan. 1.

DiMicco, 62, who has led the Charlotte, N.C.- based company for 12 years, will become executive chairman, Nucor said in a statement.

“Nucor has taken a lot of care with this transition,” said Michelle Applebaum, managing partner at consultant Steel Market Intelligence in Chicago. “In my 30 years in the steel business, I've seen only a half-dozen visionaries of Dan DiMicco's caliber.”

Ferriola began his career with Bethlehem Steel Corp. in 1974 and joined Nucor in 1992 as manager at a Texas mill, Nucor said. He was appointed to the board of directors in 2011.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Financial planning for disabled people a little-tapped field
  2. FAA: Cockpit email system reduces delays
  3. AT&T evolves beyond phones
  4. Taxes matter in  fund investing, even when there’s no bill
  5. This robot is cute, artificially intelligent and employed
  6. Shareholder vote causes ATI to review executive pay packages
  7. IRS refunds $10M to tax preparers who paid to take competency test
  8. How to cover work history gaps
  9. Cheap oil can hurt economy
  10. Developer hopes to make Allegheny Center a tech hub
  11. Wal-Mart presses meat, egg suppliers on antibiotics, animal treatment