Steel Dynamics: Richard P. Teets Jr., Gabriel L. Shaheen to Retire From Board of Directors
04/01/2026 - Steel Dynamics Inc. (SDI) announced its co-founder and past AIST president Richard P. Teets Jr., and Gabriel L. Shaheen will retire from its board of directors, effective 6 May 2026 as of the 2026 Annual Meeting of Shareholders.
Mark D. Millett, chairman and chief executive officer of Steel Dynamics Inc., spoke about Teets working alongside him for over 35 years, beginning with thin-slab casting using electric arc furnace technology.
“Dick’s leadership built people, teams, and a culture that is foundational to our success. Throughout the years, Dick has also provided influential leadership across the steel industry through his work with the Steel Manufacturers Association, the Association for Iron & Steel Technology and numerous other industry organizations,” said Millett.
“As a significant shareholder, I am both confident in and excited for the company’s and its team members’ future, but am equally excited to devote my time to charitable and community-focused projects, including our family foundation that would not be possible without Steel Dynamics’ success,” said Teets.
Shaheen served on the board of directors for over 16 years, the company said.
“Gabe’s financial acumen, strategic perspective, and thoughtful counsel have been invaluable to me and to the board throughout his many years of service and influence. Please accept our sincere and personal thanks for your dedication and time,” said Millett.
“Witnessing leadership’s commitment to the SDI team members and its communities, throughout its tremendous growth in size, capability and financial strength was impressive. It is a vital part of the foundation for its past and continued future success,” said Shaheen.
“Dick’s leadership built people, teams, and a culture that is foundational to our success. Throughout the years, Dick has also provided influential leadership across the steel industry through his work with the Steel Manufacturers Association, the Association for Iron & Steel Technology and numerous other industry organizations,” said Millett.
“As a significant shareholder, I am both confident in and excited for the company’s and its team members’ future, but am equally excited to devote my time to charitable and community-focused projects, including our family foundation that would not be possible without Steel Dynamics’ success,” said Teets.
Shaheen served on the board of directors for over 16 years, the company said.
“Gabe’s financial acumen, strategic perspective, and thoughtful counsel have been invaluable to me and to the board throughout his many years of service and influence. Please accept our sincere and personal thanks for your dedication and time,” said Millett.
“Witnessing leadership’s commitment to the SDI team members and its communities, throughout its tremendous growth in size, capability and financial strength was impressive. It is a vital part of the foundation for its past and continued future success,” said Shaheen.
