Reliance Steel & Aluminum Co. announced Monday that the Company's Board of Directors has approved an executive leadership succession plan consistent with the Company's growth strategy and focus on operational execution.
David H. Hannah, who has served as Reliance's Chief Executive Officer since 1999 and Chairman of the Board and CEO since 2007, has announced his intention to transition from his role as CEO effective May 20, 2015 following Reliance's Annual Meeting of Shareholders. Gregg J. Mollins, who currently serves as President and Chief Operating Officer of Reliance, will succeed Hannah as President and CEO at that time. Hannah will remain on the Company's Board of Directors as Executive Chairman until July 2016 and will remain involved in the Company's daily operations until his departure, at which time an independent, non-executive Chairman of the Board will be appointed.
With more than 37 years of experience in the metals industry, Mollins joined Reliance as a Division Manager in 1986. He was appointed Vice President in 1992 and named Vice President and Chief Operating Officer in 1994. The following year, he was promoted to Executive Vice President and Chief Operating Officer. In 2002, Mollins' responsibilities were expanded even further and he was appointed President and Chief Operating Officer. Mollins has also served on the Company's Board of Directors since 1997.