Nucor Announces Resignation Of Director
September 07 2007 - 9:00AM
PR Newswire (US)
CHARLOTTE, N.C., Sept. 7 /PRNewswire-FirstCall/ -- Nucor
Corporation (NYSE:NUE) announced that Raymond J. Milchovich has
resigned from its board of directors. In a letter dated September
6, 2007, Mr. Milchovich informed the Board that he was resigning at
the earliest mutually acceptable date due to other increasing
personal and professional demands on his time. Mr. Milchovich
serves as Chairman and Chief Executive Officer of Foster Wheeler
Ltd. (NASDAQ: FWLT). Mr. Milchovich stated in his letter, "This is
a decision upon which I have spent considerable time because of the
admiration that I have for Nucor, its Management Team, its Board,
and all of its team members worldwide. I have truly enjoyed my
tenure as a Board member and will miss the opportunity to serve
with other members of the Board and management. Nucor is a world
class company led and operated by a dedicated world class team of
people." "It is with regret that we accept Ray's resignation," said
Dan DiMicco, Nucor's Chairman, President and Chief Executive
Officer. "He has been an outstanding director over the past five
years. His guidance, experience and independent judgment have
played an important role in the success of Nucor, and we will miss
his leadership and active participation on the Board. We thank Ray
for his service and wish him and his family the best." Nucor and
affiliates are manufacturers of steel products, with operating
facilities primarily in the U.S. and Canada. Products produced
include: carbon and alloy steel -- in bars, beams, sheet and plate;
steel joists and joist girders; steel deck; fabricated concrete
reinforcing steel; cold finished steel; steel fasteners; metal
building systems; light gauge steel framing; steel grating and
expanded metal; and wire and wire mesh. Nucor is North America's
largest recycler. DATASOURCE: Nucor Corporation CONTACT: Executive
Offices of Nucor Corporation, +1-704-366-7000 Web site:
http://www.nucor.com/
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