Mark D. Millett, the founder, president and chief executive officer at Steel Dynamics (SDI) will also serve as the company’s chairman with immediate effect.
The steelmaker indicated in a media statement on Monday that Millett would take on this role immediately after Keith E. Busse, also the company’s founder and board chairman resigned from this role. Busse will remain on the Board of Directors as decided in the company’s Annual General Meeting on May 19.
Busse served as SDI’s chairman since its inception. Steel Dynamics is one of the largest domestic steel manufacturers and metal recyclers in the US with facilities located throughout the US and in Mexico.