Nucor 2015 Annual Report Download - page 9

Download and view the complete annual report

Please find page 9 of the 2015 Nucor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

7
Raymond J. Milchovich
Lead Director
Fellow Stockholders:
2015 proved to be a very challenging year for steel companies throughout the world. However,
in my view Nucor managed the situation very well, outperforming our peers, optimizing profit
opportunities and generating very robust cash flow. I would like to take this opportunity to
thank the entire Nucor team for their dedication, focus and hard work in a tough environment.
Nucor has always delivered and continues to deliver tactical excellence in the near term, while
focusing on those actions and adjustments that are necessary for achieving our maximum
long-term value. In 2015, the company made excellent progress executing on our strategy
to keep existing facilities very well maintained, support those actions required to enable our
existing businesses to achieve their full potential and invest in new opportunities that are
strategically attractive.
In 2015, the Board was pleased to welcome Laurette Koellner as our newest member. Laurette
brings a wealth of international and financial expertise from her extensive and very diverse
experience with McDonnell Douglas, Boeing and AIG. Laurette also currently serves on the
boards of Celestica, Papa John’s International and The Goodyear Tire & Rubber Company.
We look forward to Laurette’s future contributions to Nucor.
In 2016, Harvey Gantt will be leaving the Nucor Board after 17 years of dedicated service. As principal partner of Gantt Huberman
Architects and former mayor of Charlotte, North Carolina, Harvey has brought unique and invaluable experience and savvy to the
Nucor Board. We will miss Harvey’s contributions, his loyalty and dedication to Nucor and his friendship. We wish him the very best.
In keeping with Nucor’s tradition and as part of our focus on shareholder return, in 2015 the Board of Directors voted to increase our
base dividend for the 43rd consecutive year.
Nucor remains focused on creating maximum value for our shareholders, customers, teammates and all our stakeholders. We appreciate
the confidence and trust you have placed in the Board, the management team, all 23,700 Nucor teammates and the investment you
have made in Nucor.
Raymond J. Milchovich
Lead Director