On Day One upon becoming Nucor's CEO, I let our 30,000 teammates know. Nucor Corporation executives and other stock owners filed with the SEC: Strike the best investing opportunities on the market! He also serves as a director of Otis Worldwide Corporation (having previously served as Executive Chairman of the Otis board of directors from 2020 to 2022) and served as a director of UTC from 2018 to 2020, prior to the spin-off of Otis from UTC. Executive Vice President Noah C Hanners Mr. Topalian began his career with Nucor as a project engineer at Nucor Steel-Berkeley in 1996 and was promoted to Cold Mill Production Supervisor in 1998. We have world-class manufacturing talent, and we are making the right investments to continue our track record of outperformance. side will be mostly organic growth from here. As of the end of June, Nucor had debt to capital of 29% and ample liquidity with $2.5 billion of cash, short-term holdings and restricted cash holdings and an undrawn $1.75 billion in revolving credit facility. North Kingstown, Rhode Island, United States Food Server Carrabba's Italian Grill Apr 2018 - Jan 20212 years 10 months Warwick, Rhode Island, United States Education Endicott College Bachelor's. Other key executives at Nucor Corp include The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Speakers include: Reliance's Karla Lewis and Nucor's Leon Topalian on diversity, equity, and inclusion The Honorable Paul Ryan former speaker of the U.S. House of Representatives, At that time, we just operated one steel mill, which was Nucor Steel Darlington. And its a good question in terms of how that breaks out because there are segments within the products group that will continue to have record-setting pace in performance. revision of the 2016 edition. Thanks, Leon. So I guess you cant hear my excitement, Ill reiterate, yes, Im excited about the future of our downstream businesses. . We spent about $1 billion so far. The positions, which have an average annual compensation of $75,000, will be filled over a four-year period. And most of that 60% is concentrated sort of that mid-USA levels. The sentiment around that part of the market is perhaps, I would say more pessimistic than what the reality is. And thinking about the longer term, with balance sheet strength and product diversity that is unparalleled in our industry, coupled with our highly variable and adaptive business model, we remain confident that Nucor is well positioned to deliver on our commitments to our team, our customers and our shareholders over time. What is the salary of Mr Topalian? Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. So, with regard to Gallatin, if I look at your sheet tons, youre running -- run rate less than a year ago levels. Learn More on Nucor's active insiders. We have a lot of room to grow. The nurses already knew who we were, Leon said. The estimated net worth of Leon J Topalian is at least $22 Million dollars as of 2023-02-02. We look forward to rapidly scaling up their operations as we continue to broaden our portfolio of construction market solutions. . Remember to Order Ahead (681)-265-9368 CALL IN ORDERS. Leon J. Topalian has not been actively trading shares of Nucor during the last quarter. They sold a total of 106,839 shares worth more than $14,127,779.65. Yes. The most recent stock trade was executed by Kenneth Rex Query on 3 February 2023, trading 1,962 units of NUE stock currently worth $349,216. I want to thank each and every member of the Nucor family for your focus and dedication in ensuring every team member is safe. Thanks a lot. 2004-2023 GuruFocus.com, LLC. And then secondly, from the raw materials side, I think your guidance includes higher DRI price realizations in Q3. ASU student authors, illustrates superhero comic book. Your dedication and efforts are what drive the efficiency of our manufacturing businesses, which enable us to reliably meet the strong demand were seeing across our broad array of products. And then, Steve, if you would, on the CapEx? We hope this strike an arc, as a matter of fact, on the hot side even yet in the next literally day or two. The second, Gallatins modernization and expansion was completed in June. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. . Latest: Nucor to Add Melt Ship at Kingman Bar Mill Most recently he sold So, while our teams, our division businesses are ramping up and at the ready, I think were still about six months out from really seeing that move through our company. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Our joist and deck business continued to be the largest contributor to the segments performance. Thanks for the questions, Seth. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. CHARLOTTE, N.C., Sept. 15, 2022 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that its President and Chief Executive Officer, Leon J. Topalian, has assumed the additional role of Chair of the Board of Directors and that Board member, Christopher J. Kearney, has been appointed Lead Director of the Board, both effective today. Learn More on Leon J. Topalian's trading history. After 29 years of research in cancer immunotherapy, Dr. Suzanne Topalian has been acknowledged as one of "Ten People Who Mattered This Year" in the December 2014 issue of Nature for her pioneering research on programmed cell death protein-1 (PD-1) inhibitors. brought Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. But yes, we are seeing, again, stable demand and growing in some cases. he still owns at least 126,809 units of NUE stock. Pepperoni Grill. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Steel racking, steel towers, and obviously, the overhead steel doors with the acquisition of C.H.I., all these should positively impact our profitability as we fully utilize and integrate these products into our Construction Solutions portfolio. Most recently he sold 3,000 units of NUE stock worth $404,130 on 20 December 2022. In the face of these discouraging statistics, Kim turned to her friends, her family, and her faith for support. Nearly 150,000 sets of twins are born each year. How do you see margins? With her new goal in distant sight, Kim settled into her room on the Antepartum Unit for the next 53 days. Hey. Our Brandenburg, Kentucky plate mill is on schedule and on budget for a late 2022 production start with almost 400 team members on board. In his past career he held the position of General Manager at Nucor-Yamato Steel Co., General Manager for Nucor Steel Kankakee, Inc., Manager-Melting & Casting at Nucor Steel-South Carolina and Project Engineer at Nucor Steel Berkeley. Theres no overhang or buildup of pigs. The largest trade he's ever made was selling 48,768 units of Nucor stock on 17 June 2022 worth over $5,491,764. Okay, Carlos. of the AISC Code is a complete 4 True or False: Steel used as piling schedule in the bid documents is not. Please go ahead. La socit AUBERT*SOUVRAY/JOCELYNE/ est situ au 64 RUE CARNOT 72200 LA FLECHE Elle a t cre le 14/04/2016 et elle est immatricule sous le numro 819496126 au greffe de LE MANS AUBERT*SOUVRAY/JOCELYNE/ est immatricule au Registre du commerce et des socits.. Forme juridique et activit. The Topalian family could now bring home their two newest additions. Regarding the C.H.I. All rights reserved. Topalian takes over the role from John Brett, CEO of ArcelorMittal North America, who has chaired AISI since March 2020. Quick summary, all our primary steelmaking equipment has been purchased. And I know you made a comment that you tailor it to production to -- sorry, to tailor production to demand levels. Turning to our financial performance. Mr. Leon J. Topalian salary is $5,950,000 per year We appreciate the support we have received from the state and local officials in Alabama, including Governor Kay Ivey, Alabama Department of Commerce, State of Alabama State Industrial Development Authority, Morgan County Economic Development Association, Morgan County Economic Development Cooperative District, Morgan County, Decatur Industrial Development Board, City of Decatur, Decatur-Morgan County Chamber of Commerce, Hartselle Chamber of Commerce, and the Tennessee Valley Authority, said Laurent De Mey, General Manager of Nucor Towers & Structures. And Al, I wont steal all your thunder, but we couldnt be more excited about the shift and whats moving in plate. Weve cut our pig use by about 50%, which also has led to a reduction in greenhouse gas emissions and has really been a key part of supporting our record earnings. Our metal margins decreased by about 5% from the first quarters $941 per ton to a still robust $895 per ton. So thanks for the question. I think the underlying demand, the consumable spending appetite in this country still remains fairly high. Again, fabricators are a big part of that plate business. $4 million awarded to support early childhood education. "Nucor CEO to retire, and his successor comes from inside the steel company", https://en.wikipedia.org/w/index.php?title=Leon_Topalian&oldid=1055515771, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 November 2021, at 09:04. And maybe just as a quick follow-up. Is it possible to get an update on how you see CapEx for the remainder of the year, maybe first look at 2023? As part of this reorganization, Chad Utermark has been appointed to the newly created role of Executive Vice President of New Markets and Innovation. So, that group continues to perform well. Just trying to square that with the volumes being lower year-over-year. We are not atrading platform and do not offer tobuy stock or sell any security. The largest trade he's Groundbreaking for the project will happen later this year. Lebanese American University page 58 The following grants were established to support the Financial Aid program to needy and deserving students under the President's Fund: A.M. Qattan Foundation President's Fund Ali A. Tamimi Co. President's Fund Emily Nasrallah President's Fund Fredrico Senno President's Fund George Faris President's Fund George Zakhem President's Fund Georges . Thank you. Appreciate your question. First thing, I want to acknowledge the great work that the mills in our raw materials group has done over the last six months, tremendous flexibility and execution to react to the changes in the supply chain. On average, Mr trades about 6,725 units every 79 days since 2017. "I am honored to have been chosen by my fellow directors to serve as Lead Director of the Board and welcome the opportunity to serve the Board and all Nucor teammates in this new role," Kearney said. Mike, thank you for the question. You have permission to edit this article. We went through the whole process two long years and got so close to adopting two beautiful children but it unfortunately fell through, Kim said. This is a prime example of that work., Provided by the Office of the Governor of Alabama | governor.alabama.gov. During that time, we have led the transformation of the domestic steel industry, and we are the envy of the world in terms of Nucors environmental footprint, safety performance and efficiency as well as profitability. Learn More about Leon J. Topalian's net worth. Other recent insider transactions involving Nucor Corp (NUE) include Weve certainly been seeing a little bit more of a buyer strike type of activity from -- on the customers and as it relates to sort of hot-rolled. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Nucor, which already has a significant presence in Alabama, has committed to creating 200 full-time jobs at the facility in Decatur. There are 1 executives at Nucor getting paid more, with James Frias having the highest compensation of $6,145,810. Hannibal Industries is in doing that. Chad Utermark, who was over our EVP of our Products Group and now moving into New Markets. As of 20 Dec 2022 he still owns at least 126,809 units of NUE stock. CHARLOTTE, N.C., Dec. 13, 2019 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that its Board of Directors has elected Leon J. Topalian as a director and John H. Walker to serve as . So very excited, very proud of that team. Also joining me today on the call are members of the Nucors executive team, including Dave Sumoski, our Chief Operating Officer; Steve Laxton, our Chief Financial Officer; Al Behr, responsible for Plate and Structural Products; Doug Jellison, responsible for Raw Materials and Logistics, Greg Murphy, responsible for Business Services and our General Counsel; and Rex Query, responsible for Sheet and Tubular Products. So just a big shout-out to all of our downstream product groups. They remain strong with strong backlogs. Twins Isabella and Sophia Topalian of Florence recently celebrated their second birthday and have a lot to be happy about. In the -- soon coming on line of our plate mill in Brandenburg. Then there was the realization that we were having preemies, Kim said. Before we get to our second quarter results, I want to highlight some changes weve made to our executive leadership team. Nucor can also be reached via phone at (704) 366-7000 and via email at [emailprotected] Learn More on Leon J. Topalian's contact information. Nucor Corp. engages in the manufacturing of steel and steel products. Yes. Get up-to-the-minute news sent straight to your device. Turning to policy issues. Operator, were now ready to take questions. Im going -- sorry, Curt, was talking about West Virginia, which Ill hold that for a moment and share that here perhaps a little later to the question or a follow-up. We have also grown our workforce from 1,800 team members back in 1972 to more than 31,000 team members today and in the process created a huge amount of shareholder value. The Topalians were also told they could expect a 50 percent survival rate. You asked about capital for the remainder of the year. 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