TribLIVE

| Business


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

Nucor's Ferriola to succeed DiMicco

NUE $39.43 +$0.07

at close on FRIDAY

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Visual search  still hampered  by image issues
  2. States clear way for startups to use crowdfunding
  3. Deported migrants find home at call centers
  4. Students walk shop class path to excellence
  5. U-PARC houses companies ranging from innovative to traditional
  6. Young adults drive home rental trend in Western Pennsylvania
  7. Economy grew at brisk 4.2% rate in Q2
  8. Lower your cable bill by streaming shows
  9. Healthy PA expands number of recipients but cuts benefits
  10. States fight back against financial scams aimed at seniors
Subscribe today! Click here for our subscription offers.