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Nucor CFO to Retire at Year-End
10/21/2009 - Nucor Chief Financial Officer Terry S. Lisenby announces plans to retire at the end of this year, after 24 years of service with Nucor.
Nucor Corp. Chief Financial Officer Terry S. Lisenby announced plans to retire at the end of this year, after 24 years of service with Nucor.
As Lisenby’s replacement, the company will promote James D. Frias to the position of Chief Financial Officer, Treasurer and Executive Vice President, effective January 1, 2010.
"Terry Lisenby has made outstanding contributions throughout his career to Nucor's strong record of profitable growth,” commented Dan DiMicco, Nucor's Chairman, CEO and President. “With his leadership as CFO for the past decade, our team has capitalized on Nucor's balance sheet strength and conservative financial practices to deliver unprecedented growth in net income and shareholder dividends. Equally important, Terry has successfully developed the next generation of Nucor's financial management team.
“Thoughtful and orderly succession planning throughout the Nucor organization has been a top strategic initiative in recent years as we position our company for continued profitable growth,” continued DiMicco. “Jim Frias is a proven Nucor leader who has strong experience both at operating divisions and at Corporate. This broad experience has Jim well-prepared to help our team build upon Nucor's long tradition of being an effective steward of our shareholders' valuable capital.”
Lisenby began his career with Nucor in 1985 as Manager of Financial Accounting. He was elected Vice President and Corporate Controller in 1991, and, in January 2000, he was promoted to Chief Financial Officer, Treasurer and Executive Vice President.
Frias began his Nucor career in 1991 as controller of Nucor Building Systems–Indiana. He became controller of Nucor Steel–Indiana in 1994, and was later promoted to Corporate Controller (2001) and Vice President (2006).
Nucor and affiliates are manufacturers of 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, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
