Reliance, Inc. Announces Appointment of James K. Kamsickas to Board of Directors and Douglas W. Stotlar as Chairman of the Board
02 Outubro 2024 - 7:50AM
Reliance, Inc. (NYSE: RS) today announced the appointment of James
K. Kamsickas, 57, to serve as an independent director. Mr.
Kamsickas’ term took effect on October 1, 2024 and will expire at
the Company’s 2025 Annual Meeting of Stockholders. Following the
appointment of Mr. Kamsickas, Reliance’s Board will be comprised of
nine members, eight of whom are independent.
"We are very excited to welcome Jim to Reliance's Board of
Directors and look forward to his contributions as we continue to
execute Reliance’s strategy and generate industry-leading results,”
said Mark Kaminski, Chairman of Reliance’s Board of Directors.
“Jim’s strategic leadership experience as well as his industrial
operating expertise complement and deepen the skillsets in our
board room.”
Karla Lewis, Reliance’s Chief Executive Officer, added: “I am
pleased to welcome Jim as a new independent director on Reliance’s
Board and we look forward to benefitting from his vast experience
and expertise in industrial manufacturing, with a strong emphasis
on safety.”
Mr. Kamsickas is the chairman and chief executive officer
of Dana Incorporated (NYSE: DAN), a leader in the design and
manufacture of highly efficient propulsion and energy-management
solutions that power vehicles and machines in all mobility markets
across the globe. Prior to being named Dana CEO in 2015, Mr.
Kamsickas was president and CEO of International Automotive
Components for eight years. In addition, he served as head of Lear
Corporation’s Interior Systems Division and held several additional
senior leadership roles within that organization. Mr. Kamsickas
earned a bachelor of science in business administration from
Central Michigan University and a master of business
administration degree from Michigan State University.
Consistent with corporate governance best practices and
Reliance's strategic, deliberate and well-executed long-term
succession plan, Mark Kaminski will step down from the position of
non-executive Chairman of the Board effective January 1, 2025. Mr.
Kaminski has served as Reliance’s independent, non-executive
Chairman since July 2016. Mr. Kaminski will continue to serve as a
member of the Company's Board of Directors. On October 1, 2024, the
Board of Directors unanimously appointed Douglas W. Stotlar as
Reliance's independent, non-executive Chairman of the Board
effective January 1, 2025. Mr. Stotlar has served on Reliance's
Board of Directors since October 2016.
About Reliance, Inc.Founded in 1939, Reliance,
Inc. (NYSE: RS) is a leading global diversified metal solutions
provider and the largest metals service center company in North
America. Through a network of more than 320 locations in 41 states
and 12 countries outside of the United States, Reliance provides
value-added metals processing services and distributes a full-line
of over 100,000 metal products to more than 125,000 customers in a
broad range of industries. Reliance focuses on small orders with
quick turnaround and value-added processing services. In 2023,
Reliance’s average order size was $3,210, approximately 51% of
orders included value-added processing and approximately 40% of
orders were delivered within 24 hours. Reliance, Inc.’s press
releases and additional information are available on the Company’s
website at reliance.com.
Forward-Looking StatementsThis press release
contains certain statements that are, or may be deemed to be,
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by words such as “expect,”
“anticipate,” “believe,” and similar words and may include, but are
not limited to, discussions of Reliance’s corporate governance,
business strategies, and future performance. These forward-looking
statements are based on management's estimates, projections and
assumptions as of today’s date that may not prove to be accurate.
Forward-looking statements involve known and unknown risks and
uncertainties and are not guarantees of future performance. Actual
outcomes and results may differ materially from these
forward-looking statements as a result of various important
factors, including, but not limited to, those disclosed in our most
recent Form 10-K filed with the United States Securities and
Exchange Commission (the “SEC”) and subsequent reports. These
forward-looking statements are based on management's expectations
and assumptions as of today’s date and Reliance disclaims any
obligation to publicly update or revise any forward-looking
statements.
CONTACT: (213) 576-2428investor@reliance.com
or Addo Investor Relations(310) 829-5400
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