FORT WAYNE, Ind., Nov. 24, 2021 /PRNewswire/ -- (NASDAQ/GS:
STLD) Steel Dynamics, Inc. today announced that its Board of
Directors has appointed Luis M.
Sierra as an independent member of the Company's Board of
Directors. The appointment is for the balance of a one-year term
ending May 2022, coinciding with the
Company's regularly scheduled Annual Meeting of Stockholders.
Mr. Luis Sierra, age 58, will
serve as an independent director of Steel Dynamics and will also
serve as a member of the Steel Dynamics Compensation Committee.
From July 2020 through present,
Mr. Sierra serves as the President and Chief Executive Officer of
NOVA Chemicals Corporation ("NOVA"), with annual 2020 revenues of
$3.2 billion and 2,400 worldwide team
members. NOVA is a Canadian-based privately held company with
operations in Canada and
the United States, producing
ethylene, polyethylene, and other chemical co-products. Prior to
this time, Mr. Sierra had an over 30-year career with BP, holding
various leadership positions, including most recently from 2013 to
2016 as the President of BP Aromatics, Americas, Europe and Middle
East, and from 2016 to 2020 as the Chief Executive Officer
of BP Global Aromatics, a $5 billion
global chemicals business.
Among numerous strong leadership characteristics, Mr. Sierra
brings a strong background in industrial and international
operations, commercial and organizational strategy, and financial
acumen to the Steel Dynamics Board. Mr. Sierra also has worked
extensively outside of the United
States and is bilingual, speaking Spanish. He holds a
Bachelor's degree in Mechanical Engineering from the University of Florida, a Master's degree in
Mechanical Engineering from Georgia Institute
of Technology, and an M.B.A. in Business Administration from
the University of Chicago. He does not
sit on any other public company boards.
About Steel Dynamics, Inc.
Steel Dynamics is one of the largest domestic steel producers
and metals recyclers in the United
States based on estimated annual steelmaking and metals
recycling capability, with facilities located throughout
the United States, and in
Mexico. Steel Dynamics produces
steel products, including hot roll, cold roll, and coated sheet
steel, structural steel beams and shapes, rail, engineered
special-bar-quality steel, cold finished steel, merchant bar
products, specialty steel sections and steel joists and deck. In
addition, the company produces liquid pig iron and processes and
sells ferrous and nonferrous scrap.
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SOURCE Steel Dynamics, Inc.