Nucor Announces Resignation Of Director
09/10/2007 - Director Ray Milchovich resigns from the Nucor Board of Directors due to other demands on his time.
Nucor Corp. announced that Raymond J. Milchovich has resigned from its board of directors.
Milchovich, who serves as Chairman and Chief Executive Officer of Foster Wheeler Ltd., informed the Board in a letter dated September 6, 2007 that he would resign at the earliest mutually acceptable date due to other increasing personal and professional demands on his time.
In his letter, Milchovich stated, "This is a decision upon which I have spent considerable time because of the admiration that I have for Nucor, its Management Team, its Board, and all of its team members worldwide. I have truly enjoyed my tenure as a Board member and will miss the opportunity to serve with other members of the Board and management. Nucor is a world-class company led and operated by a dedicated world-class team of people."
"It is with regret that we accept Ray's resignation," said Dan DiMicco, Nucor's Chairman, President and CEO. "He has been an outstanding director over the past five years. His guidance, experience and independent judgment have played an important role in the success of Nucor, and we will miss his leadership and active participation on the Board. We thank Ray for his service and wish him and his family the best."
Nucor and affiliates manufacture steel products, with operating facilities primarily in the U.S. and Canada. Products include carbon and alloy steel bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor is North America's largest recycler.
