Mr Terry S Lisenby CFO of Nucor Corporation has announced his plans to retire at the end of this year, after 24 years of service with Nucor. Effective January 1st 2010, Mr James D Frias will be promoted to CFO, treasurer & EVP.
Mr Dan DiMicco chairman, CEO & president of Nucor said that "Mr Terry Lisenby has made outstanding contributions throughout his career to Nucor's strong record of profitable growth. With his leadership as CFO for the past decade, our team has capitalized on Nucor's balance sheet strength and conservative financial practices to deliver unprecedented growth in net income and shareholder dividends."
He added that "Equally important, Mr Terry has successfully developed the next generation of Nucor's financial management team. Thoughtful and orderly succession planning throughout the Nucor organization has been a top strategic initiative in recent years as we position our company for continued profitable growth. Mr Jim Frias is a proven Nucor leader who has strong experience both at operating divisions and at Corporate. This broad experience has Jim well prepared to help our team build upon Nucor's long tradition of being an effective steward of our shareholders' valuable capital."
