Steel Dynamics names Millett president and CEO

Steel Dynamics, Inc. announced that its board of directors has approved the appointment of Mark D. Millett to the new position of president and chief operating officer, effective immediately.

Millett, a co-founder of the company in 1993, has been executive vice president for Metals Recycling and Ferrous Resources as well as president and COO of OmniSource Corporation, a wholly owned subsidiary, since August 2008. In those capacities, Millett has been responsible for the company’s resources platform, which includes all ferrous and nonferrous scrap operations and ironmaking initiatives.

Millett, a company director, will continue to report to co-founder, chairman and CEO Keith E. Busse. Millett will assume direct management of the operating leadership team, with all executive vice presidents, except for the CFO, reporting directly to him. Millett will continue to work with the chairman on executing the company’s growth strategies. A search is underway to fill the position Millett will be relinquishing. Until then, Millett will continue to fulfill these responsibilities.

Previously, Millett was employed by Nucor Corporation for 12 years, where he served in several key positions, including the design, construction and operation of the melting and casting facility at the world’s first thin-slab mini mill in Crawfordsville, Indiana.