Mr Jim Hoffman is new President and CEO of Reliance Steel & Aluminium
Reliance Steel & Aluminum Co announced that its Board of Directors has unanimously appointed James D. Hoffman as President and Chief Executive Officer, effective January 1, 2019. Mr. Hoffman currently serves as Reliance’s Executive Vice President and Chief Operating Officer, and will succeed Gregg J. Mollins as President and Chief Executive Officer. Mr Mollins will remain on Reliance’s Board of Directors and will continue in his role as CEO through the end of 2018, after which he will serve as Senior Advisor to the CEO until his retirement in December 2019.
Jim Hoffman joined Reliance’s executive management team in 2008 as Senior Vice President, Operations. Prior to Reliance’s acquisition of Earle M. Jorgensen Company (“EMJ”) in 2006, Mr. Hoffman held executive management positions at EMJ, including Vice President from 1996 to 2006 and Executive Vice President and Chief Operating Officer from 2006 to 2008. In 2015, Mr. Hoffman was appointed Reliance’s Executive Vice President, Operations, a position he held until his promotion to Executive Vice President and Chief Operating Officer in 2016.
Mark V. Kaminski, Reliance’s Chairman of the Board, commented, “Reliance’s Board of Directors extends its sincere thanks and gratitude to Gregg for his long and distinguished service to Reliance. Throughout his career, Gregg has maintained his focus on operational excellence earning the respect of our customers, suppliers, stockholders and employees. Gregg has been an integral part of Reliance’s executive management team for more than 25 years and his tremendous contributions are reflected in Reliance’s culture of integrity and industry leading results. Importantly, as CEO, Gregg led Reliance to record quarterly net sales, gross profit dollars and pre-tax income results.”
Mr. Kaminski continued: “The Board is pleased to announce the promotion of Jim Hoffman to the role of Chief Executive Officer. Jim’s promotion is the result of the Board’s completion of a strategic, deliberate and well-executed long-term succession planning process and we expect a seamless transition as he undertakes this new position. Jim is an experienced executive with a proven record of improvement and a highly respected leader in the service center industry. We are confident that Jim will draw upon his experience as a Reliance executive and expand upon his record of accomplishments while strengthening our position as the premier metals service center company in North America.”
“I am very proud of the leadership positon Reliance has earned in the metals service center industry and our unrivaled executive management team,” said Mr. Mollins. “Jim and I have worked closely together since he joined Reliance upon our acquisition of EMJ in 2006. Jim is a proven leader and executive and I believe his strategic vision will continue to drive Reliance’s growth and profitability, and that our customers, suppliers, stockholders and employees are in very good hands.”
Mr. Hoffman commented, "I am honored by the opportunity to serve as Reliance’s next CEO and the trust and confidence that the Board has placed in me. I am excited to work with the incredibly talented team at Reliance to continue our track record of delivering industry leading results and increasing shareholder value."
Source : Strategic Research Institute