Ferriola Retiring from Nucor at End of 2019
By Metal Center News Staff
on Sep 6, 2019
Nucor Chairman and CEO John Ferriola will retire from Nucor Corp., Charlotte, at the end of the year. Leon J. Topalian has been chosen to replace him as president and CEO.
Ferriola was elevated to CEO in 2013. He joined Nucor in 1991 as manager of maintenance and engineering at Nucor Steel Texas, and advanced through the company to president and COO by 2011.
"It has been a great privilege and honor to be a Nucor teammate for over 28 years and to serve as Nucor's CEO for the past seven years," said Ferriola. "One of my key priorities as CEO over the past several years has been to lead a robust and thoughtful succession process, and I believe now is the ideal time for me to transition Nucor's leadership. I could not be more supportive of Leon as the next CEO. He has been an exceptional and proven leader throughout his 23-year career with Nucor, and I am confident in his selection as my successor.”
“John Ferriola has been a thought leader in the steel industry and helped position Nucor at the forefront of its peers. The Board is deeply appreciative of his excellent leadership and service to Nucor, and we wish John the very best in his well-deserved retirement,” said John H. Walker, Nucor's lead independent director. "At the same time, the board is excited to announce that Leon Topalian will be the next CEO, and we are confident that he is ideally positioned to lead Nucor in the coming years."
Topalian had served as an executive vice president of Nucor from 2017 to 2019 and a vice president from 2013 to 2017. He has been employed by Nucor in various capacities since 1996, including serving as general manager at two Nucor facilities, in Arkansas and Illinois, as well as a melting and casting manager, an operations manager, a cold mill production supervisor and a project engineer.
"I am honored to be given the opportunity to serve as Nucor's next CEO and appreciate the confidence of the board and John Ferriola," Topalian said. "John has provided us with strong leadership and vision, and I look forward to working with all 26,700 Nucor teammates to continue positioning Nucor as the industry leader."