On Friday, Chairman and CEO of Nucor Corporation Dan DiMicco said that he is passing the responsibility of CEO to current President and Chief Operating Officer John Ferriola. Ferriola will follow DiMicco as CEO effective January 1, 2013. DiMicco, 62, served as Nucor's CEO longer than anyone since the company's founder Ken Iverson, taking over in September 2000 and serving for 12 years. DiMicco will remain with Nucor as Executive Chairman.
Ferriola began his career with Bethlehem Steel in 1974, and joined Nucor in 1992 as manager of maintenance and engineering at the Jewett, Texas bar mill. During his first decade with the company he was general manager at three divisions: Vulcraft Texas, the bar mill in Norfolk, Nebraska, and the sheet mill in Crawfordsville, Indiana. He was named Executive Vice President in 2002, then COO of Steelmaking Operations in 2007. In January 2011 the Board of Directors appointed him Nucor's President and COO.