– USA, CA – Reliance Steel & Aluminum Co. (NYSE: RS) today announced the promotion of Karla Lewis to President and her appointment to the Board of Directors.
As President, Mrs. Lewis will have general responsibility for the management of the operations of the corporation. Mrs. Lewis assumed the duties of President on January 15, 2021. Her term as a director also took effect on January 15, 2021, and will expire at Reliance’s 2021 Annual Meeting of Stockholders.
“The promotion of Karla Lewis to President as well as her appointment to the Board marks another important step in the Reliance Board of Directors’ strategic, deliberate and well-executed long-term succession plan. Karla has been at the center of Reliance’s extremely well executed growth strategy and her knowledge of both Reliance and the larger metals service center industry is extraordinary. Reliance remains the leading global diversified metal solutions provider as well as the largest metals service center company in North America, and Karla’s promotion and appointment to the Board enhances our ability to continue to drive Reliance’s growth and profitability and generate industry leading returns for our stockholders.” said Board Chairman, Mark Kaminski.
“I congratulate Karla on her well-deserved promotion and appointment to the Board,” said CEO, Jim Hoffman. “Karla has demonstrated excellent judgment and leadership in each role she has held since joining Reliance in 1992. Karla’s unique abilities and talents have earned her the respect of our employees and shareholders. Karla’s promotion to President recognizes her significant contributions to Reliance and will allow her to broaden her knowledge of Reliance’s field operations and increase the diversity of her experience. I look forward to continuing to work with Karla in both the C-Suite as well as the boardroom.”
Separately, Reliance also announced today that David H. Hannah will retire from the Board of Directors and not stand for reelection at the 2021 Annual Meeting of Stockholders.
About Karla Lewis
Prior to being named President, Mrs. Lewis served as our SVP and CFO. Mrs. Lewis joined Reliance in 1992 as Corporate Controller and has held various positions of increasing responsibility since then including serving as Chief Financial Officer since 1999. She was promoted to SVP in 2000, EVP in 2002, and Senior EVP in 2015.
About Reliance Steel & Aluminum Co.
Founded in 1939 and headquartered in Los Angeles, California, Reliance Steel & Aluminum Co. (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 300 locations in 40 states and 13 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 increasing levels of value-added processing. In 2019, Reliance’s average order size was $2,090, approximately 51% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours.
For more information: https://www.rsac.com/
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