Nucor 2013 Annual Report Download - page 8

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7
Daniel R. DiMicco
Chairman Emeritus
Fellow Stockholders:
My letter to you this year is simple. I want to thank you for the trust and confidence you’ve
shown in Nucor by choosing to invest your hard-earned money in our company. And I want
to thank my teammates for their support all these years. Without their backing, I never could
have been the leader they needed me to be.
Like John Ferriola, I am confident that our best years are ahead of us. I was pleased, but not
surprised, with how smoothly John assumed leadership of our team in 2013. John’s in-depth
knowledge of our operations and the global steel market have served Nucor well during what
has been, to say the least, a sputtering economic recovery.
I want to thank the board members for all of their support, particularly this past year. I’m honored
that they decided to give me the title of Chairman Emeritus, and I thoroughly enjoyed my time as
Executive Chairman. Throughout 2013, I had the opportunity to visit numerous divisions, which
brought back fond memories of my early days as Nucor’s CEO when I visited every division.
I’m proud of the fact that we were able to increase by roughly six-fold the peak-to-peak profitability
of Nucor since 2000 while maintaining the company’s vital strength and culture. Much of the
credit goes to our 22,300 teammates, but I also want to remember Ken Iverson, Dave Aycock and
Nucor’s other early visionaries for laying the foundation of this great company. Sadly, we lost two
of our early leaders this past year. I want to take a moment to remember them.
Sam Siegel passed away in June. Sam served Nucor for four decades in various critical roles including Vice Chairman, Chief Financial
Officer, Treasurer, Secretary and Director. Sam played a vital role in rescuing the company from near bankruptcy in the 1960s, and even
suggested renaming the company to Nucor in 1971.
John Doherty, who helped build the company’s first steel mill in South Carolina, passed away in April. Among his many other contributions
to Nucor, John also designed mills and expansions in Nebraska, Texas, Utah, Arkansas and Indiana.
The impact of Ken, Sam, Dave and John on our company is felt to this day, and we will continue to benefit from their contributions for
many years to come. We have always believed that knowing our history was critical to our successful future, and the last 13 years are
living proof of that!
I also want to send a special thank you to my original leadership team of Joe Rutkowski, Terry Lisenby, Ham Lott and Mike Parrish for
all their contributions to our success as a company over the last 13 years. We stayed together through the leadership change because
we all loved Nucor and what it meant to us, in spite of the many opportunities to go elsewhere. We all wanted to leave a stronger
company than we had inherited. And we have. John Ferriola and the current leadership team will do the same.
To all my teammates past and present, may God bless you and keep you safe. I know you will continue to “Do it together!”
Always a teammate,
Daniel R. DiMicco
Chairman Emeritus