01—Abstract
Summary
Summary of the 8-K filed August 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Steel Dynamics, Inc. (NASDAQ/GS: STLD) disclosed in an 8-K filed August 4, 2026 that Chairman and CEO Mark D.
Millett has given notice of his intention to retire as Chief Executive Officer effective January 1, 2027. Concurrently, he will become Executive Chairman. Theresa E.
Wagler, currently Executive Vice President and Chief Financial Officer, will become President and Chief Executive Officer on that date, and was appointed to the Board immediately, increasing its size from seven to eight members. Richard A. Poinsatte, Executive Vice President and Treasurer, will succeed Wagler as Executive Vice President and Chief Financial Officer effective January 1, 2027.
The filing also announces senior leadership changes effective September 1, 2026. Barry Schneider becomes Executive Vice President and Chief Technology Officer, a newly added role that also takes on oversight of the company's decarbonization strategy, safety and information technology. Miguel Alvarez, James Anderson and Christopher Graham are promoted to Executive Vice President and Chief Operating Officer roles covering, respectively, Aluminum Flat Rolled Products and Metals Recycling Operations, Construction Products Operations, and Flat Rolled Steel Operations.
The company states the appointments follow a succession planning process, and that any material changes to the compensation of Millett, Wagler or Poinsatte will be determined by the Compensation Committee, with an amendment to this report to follow if required. The press release attached as Exhibit 99.1 quotes Lead Independent Director Kenneth Cornew, who describes the appointments as recognizing Wagler's leadership and reflecting confidence in her ability to lead the company into its next chapter. Wagler has served as Executive Vice President and CFO since 2007 and joined the company in 1998.
02—Key points
Key Highlights
- Mark D. Millett gave notice on August 3, 2026 of his intention to retire as CEO effective January 1, 2027, and will become Executive Chairman.
- Theresa E. Wagler, current EVP and CFO, will become President and CEO effective January 1, 2027, and joined the Board immediately, expanding it from seven to eight members.
- Richard A. Poinsatte, EVP and Treasurer, will become EVP and CFO effective January 1, 2027.
- Barry Schneider becomes EVP and Chief Technology Officer effective September 1, 2026, a newly added role overseeing product and technology development, decarbonization strategy, safety and information technology.
- Miguel Alvarez, James Anderson and Christopher Graham are promoted to EVP and COO roles effective September 1, 2026, covering aluminum and metals recycling, construction products, and flat rolled steel operations respectively.
- Any material changes to the compensation of Millett, Wagler or Poinsatte are to be determined by the Compensation Committee, with an amendment to the 8-K to follow if required.
03—Questions
Frequently Asked Questions
Who will lead Steel Dynamics as CEO after January 1, 2027?
Theresa E. Wagler, the company's current Executive Vice President and Chief Financial Officer, will become President and Chief Executive Officer effective January 1, 2027, when Mark D. Millett retires as CEO and becomes Executive Chairman.
What is Mark Millett's role after he retires as CEO?
Mark D. Millett will transition to Executive Chairman of the Board concurrently with his retirement as Chief Executive Officer, effective January 1, 2027.
Who will become the new CFO?
Richard A. Poinsatte, the company's Executive Vice President and Treasurer, will succeed Wagler as Executive Vice President and Chief Financial Officer effective January 1, 2027.
What operational leadership changes take effect September 1, 2026?
Barry Schneider becomes EVP and Chief Technology Officer, and Miguel Alvarez, James Anderson and Christopher Graham become EVP and Chief Operating Officers for aluminum flat rolled products and metals recycling, construction products, and flat rolled steel operations, respectively.
Will the executive compensation change as a result of these appointments?
The filing states that any material changes to the compensation of Millett, Wagler or Poinsatte will be determined by the Compensation Committee of the Board, and the company will amend the Current Report on Form 8-K as required. No compensation changes are disclosed in the filing.
04—Continue