Friday, May 7, 2010

Nucor (NYSE:NUE) CEO New AISI Head

The American Iron and Steel Institute (AISI) board of directors has named Nucor (NYSE:NUE) Chairman,CEO and President Daniel R. DiMicco as chairman of the institution, which will extend through May 2011.

DiMicco replaces James L. Wainscott, Chairman, CEO and President of AK Steel (NYSE:AKS), whose term just expired.

Insiders view this as a change in direction for the organization, which is becoming more policy driven to give the steel industry in North America a stronger global voice.

DiMicco is considered one of the stronger voices in the steel industry.

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