Reliance Steel & Aluminum Co. Announces Director Succession and Leadership Promotions - Seite 2

In concert with Mrs. Lewis’ promotion, Reliance also announced the promotion of Arthur Ajemyan to Vice President, Chief Financial Officer effective January 15, 2021. As Vice President, Chief Financial Officer, Mr. Ajemyan will supervise all of the Company's financial operations including accounting, financial planning, capital allocation, tax, and investor relations activities. Mr. Ajemyan became Vice President, Corporate Controller in May 2014, having been promoted from Corporate Controller, a position he had held since August 2012. From 2005 to 2012, Mr. Ajemyan held various positions in the accounting and finance department at Reliance, including Group Controller and Director of Financial Reporting. Prior to joining Reliance, Mr. Ajemyan, a certified public accountant, held various professional staff and manager positions at PricewaterhouseCoopers, LLP from 1998 to 2005.

Mrs. Lewis and Mr. Ajemyan will report to Mr. Hoffman.

Mr. Hoffman said, “We are very pleased to announce these promotions which recognize Karla and Arthur’s significant contributions and expertise and ensure the stability of Reliance’s executive leadership team going forward."

Separately, Reliance also announced today that David H. Hannah will retire from the Board of Directors and not stand for reelection at the Company’s 2021 Annual Meeting of Stockholders. Mr. Hannah joined Reliance in 1981 and served as our CEO from 1999 to 2015. He has been a director of Reliance since 1992 and was Chairman of the Board from 2007 to 2016. Mr. Hannah was the architect of Reliance’s growth strategy, leading the Company’s 1994 IPO and numerous subsequent acquisitions. During his tenure, Reliance experienced remarkable growth, becoming the largest metals service company in North America and a highly respected Fortune 500 company.

In closing, Mr. Kaminski said, "For 40 years, Dave Hannah has personified Reliance’s culture of excellence and integrity. The Reliance Board and I deeply appreciate Dave’s long and distinguished record of accomplishments, and we extend our sincere thanks and gratitude for his service, leadership, and many significant and indelible contributions to Reliance. We congratulate Dave and wish him the very best in his retirement."

About Reliance Steel & Aluminum Co.
Founded in 1939 and headquartered in Los Angeles, California, Reliance Steel & Aluminum Co. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of more than 300 locations in 40 states and 13 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and increasing levels of value-added processing. In 2019, Reliance’s average order size was $2,090, approximately 51% of orders included value-added processing and approximately 40% of orders were delivered within 24 hours. Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s website at www.rsac.com.