Reliance Names Douglas Stotlar As Independent, Non-executive Chairman Of Board, Effective January 1, 2025; Mark Kaminski To Continue To Serve As Member Of Board
Portfolio Pulse from Benzinga Newsdesk
Reliance has announced leadership changes with Douglas Stotlar appointed as the new independent, non-executive Chairman of the Board effective January 1, 2025. Mark Kaminski will step down from this role but remain on the board. James K. Kamsickas has been appointed as an independent director.
October 02, 2024 | 10:55 am
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Reliance Steel & Aluminum Co. (RS) has announced a change in leadership with Douglas Stotlar becoming the new independent, non-executive Chairman of the Board starting January 1, 2025. This is part of a strategic succession plan.
The appointment of a new Chairman is a significant governance change, but it is part of a planned succession strategy, suggesting stability. The market may view this as a neutral event in the short term.
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