Nucor Announces Executive Retirement, Promotion
In an announcement Thursday, Nucor said that Craig A. Feldman, executive vice president of raw materials, is set to retire in June, concluding a 35-year career with the company. Meanwhile, Nucor Steel–Indiana vice president and general manager Dan Needham has been named executive vice president of bar and rebar fabrication products. He’ll take on his new duties on 1 February.
Feldman’s Nucor career dates to 1986, when he joined The David J. Joseph Co. (DJJ) as a brokerage representative. He subsequently served as district manager of DJJ's Salt Lake City brokerage office, commercial vice president at DJJ's subsidiary, Western Metals Recycling LLC (WMR), and president of WMR.
Nucor acquired DJJ in 2008, and Feldman stayed on to become a Nucor vice president and general manager. He was promoted to president of DJJ in 2013 and became an executive vice president in 2018.
“With a career that spans three-and-a-half decades, Craig's leadership has contributed significantly to the success of DJJ and Nucor. His guidance and expertise have been invaluable to our raw materials strategy,” said Nucor chief executive Leon Topalian.
Needham began his Nucor career in 2000, when he was hired as controller at Nucor Steel–Hertford County. He subsequently served as controller of Nucor Steel–Decatur LLC and Nucor Steel–Utah.
In 2011, Needham was named general manager of Nucor Steel Connecticut Inc. and later served as general manager of Nucor Steel–Utah. He was elected vice president in 2016.
"Dan is a talented leader with a demonstrated track record of delivering results throughout his career. He will be a great addition to our executive management team," said Topalian.
"Craig's retirement and Dan's promotion are the product of the robust and thoughtful succession planning process that has been a top strategic initiative throughout the Nucor organization in recent years," Topalian added.