Nucor EVP of raw materials to retire

Nucor Corp., Charlotte, North Carolina, has announced that Executive Vice President of Raw Materials Craig A. Feldman plans to retire this June after 35 years of service with Nucor and the David J. Joseph Co. (DJJ).

According to a news release from Nucor, Feldman began his career as a brokerage representative for DJJ in 1986. Since then, other positions he has held at the company include district manager of DJJ’s Salt Lake City brokerage office, commercial vice president at DJJ’s Western Metals Recycling LLC (WMR) subsidiary and president of WMR. Feldman served on the operational staff of DJJ’s then-owner in the Netherlands from 2005 until 2007 when he was appointed as DJJ’s executive vice president of recycling operations. He was later promoted to president of DJJ in 2013 and became a vice president and general manager of Nucor when DJJ was acquired by Nucor in 2008. He was promoted to executive vice president of Nucor in 2018 and continued to serve as president of DJJ until the end of 2020.

Nucor announced the appointment of Mark D. Schaefer, another 35-year veteran of DJJ, as president as of Jan. 1.

“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. On behalf of all Nucor teammates, I want to thank Craig for his leadership and wish him a long and happy retirement,” says Leon Topalian, Nucor’s president and CEO.

Effective Feb. 1, Daniel R. Needham will be promoted to executive vice president of bar and rebar fabrication products at Nucor. Needham began his career with Nucor in 2000 as controller at Nucor Steel Hertford County. He later served as controller of Nucor Steel Decatur LLC and Nucor Steel Utah. In 2011, Needham became general manager of Nucor Steel Connecticut Inc. The company says he later served as general manager of Nucor Steel Utah and was elected vice president in 2016. In 2019, Needham was promoted to vice president and general manager of Nucor Steel Indiana.

“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,” Topalian says. “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.”