Reliance, Inc. Announces Appointment of James K. Kamsickas to Board of Directors and Douglas W. Stotlar as Chairman of the Board
Reliance (NYSE: RS) has appointed James K. Kamsickas as an independent director, effective October 1, 2024. Kamsickas, 57, brings strategic leadership and industrial operating expertise to the board. His term will expire at the 2025 Annual Meeting of Stockholders. With this addition, Reliance's Board now comprises nine members, eight of whom are independent.
In a planned succession move, Douglas W. Stotlar will become the new independent, non-executive Chairman of the Board effective January 1, 2025, replacing Mark Kaminski. Kaminski, who has served as Chairman since July 2016, will continue as a board member.
Kamsickas is currently the chairman and CEO of Dana Incorporated (NYSE: DAN), a global leader in propulsion and energy-management solutions. He previously held leadership positions at International Automotive Components and Lear
Reliance (NYSE: RS) ha nominato James K. Kamsickas come direttore indipendente, con effetto dal 1 ottobre 2024. Kamsickas, 57 anni, porta al consiglio competenze strategiche e operative industriali. Il suo mandato scadrà durante l'Assemblea Annuale degli Azionisti del 2025. Con questa aggiunta, il Consiglio di Reliance è composto ora da nove membri, otto dei quali indipendenti.
In una mossa di successione pianificata, Douglas W. Stotlar diventerà il nuovo Presidente indipendente e non esecutivo del Consiglio con effetto dal 1 gennaio 2025, sostituendo Mark Kaminski. Kaminski, che ricopre il ruolo di Presidente dal luglio 2016, continuerà come membro del consiglio.
Kamsickas è attualmente il presidente e CEO di Dana Incorporated (NYSE: DAN), un leader globale nelle soluzioni di propulsione e gestione dell'energia. Ha ricoperto in passato posizioni di leadership presso International Automotive Components e Lear.
Reliance (NYSE: RS) ha nombrado a James K. Kamsickas como director independiente, efectivo el 1 de octubre de 2024. Kamsickas, de 57 años, aporta liderazgo estratégico y experiencia operativa industrial a la junta. Su mandato expirará en la Junta Anual de Accionistas de 2025. Con esta incorporación, la Junta de Reliance ahora está compuesta por nueve miembros, de los cuales ocho son independientes.
En un movimiento de sucesión planificado, Douglas W. Stotlar se convertirá en el nuevo Presidente independiente y no ejecutivo de la Junta, efectivo el 1 de enero de 2025, reemplazando a Mark Kaminski. Kaminski, quien ha sido Presidente desde julio de 2016, continuará como miembro de la junta.
Kamsickas es actualmente el presidente y CEO de Dana Incorporated (NYSE: DAN), un líder global en soluciones de propulsión y gestión de energía. Anteriormente ocupó cargos de liderazgo en International Automotive Components y Lear.
릴라이언스(Reliance)(NYSE: RS)는 제임스 K. 캄시카스(James K. Kamsickas)를 독립 이사로 임명했다고 발표했으며, 이는 2024년 10월 1일부터 효력이 발생합니다. 캄시카스는 57세로, 이사회에 전략적 리더십과 산업 운영 전문성을 제공합니다. 그의 임기는 2025년 주주 총회에서 만료됩니다. 이번 추가로 릴라이언스의 이사회는 총 9명의 이사로 구성되며, 그 중 8명은 독립적입니다.
계획된 승계 조치로 더글라스 W. 스타틀러(Douglas W. Stotlar)가 새로운 독립 비상임 의장이 됩니다, 이는 2025년 1월 1일부터 효력이 발생하며 마크 카민스키(Mark Kaminski)를 대체합니다. 카민스키는 2016년 7월부터 의장직을 맡아왔으며, 이사로 계속 활동할 예정입니다.
캄시카스는 현재 다나 인코포레이티드(Dana Incorporated)(NYSE: DAN)의 회장이자 CEO로, 이곳은 추진력 및 에너지 관리 솔루션의 글로벌 리더입니다. 그는 이전에 International Automotive Components 및 Lear에서 리더십 직책을 역임했습니다.
Reliance (NYSE: RS) a nommé James K. Kamsickas en tant que directeur indépendant, à compter du 1er octobre 2024. Kamsickas, âgé de 57 ans, apporte au conseil une expertise en leadership stratégique et en opérations industrielles. Son mandat expirera lors de l'Assemblée Générale Annuelle des Actionnaires de 2025. Avec cette addition, le conseil de Reliance compte désormais neuf membres, dont huit sont indépendants.
Dans un mouvement de succession planifié, Douglas W. Stotlar deviendra le nouveau président indépendant et non exécutif du conseil, à compter du 1er janvier 2025, remplaçant Mark Kaminski. Kaminski, qui occupe le poste de président depuis juillet 2016, continuera en tant que membre du conseil.
Kamsickas est actuellement président et PDG de Dana Incorporated (NYSE: DAN), un leader mondial des solutions de propulsion et de gestion de l'énergie. Il a précédemment occupé des postes de direction chez International Automotive Components et Lear.
Reliance (NYSE: RS) hat James K. Kamsickas zum unabhängigen Direktor ernannt, der am 1. Oktober 2024 in Kraft tritt. Kamsickas, 57, bringt strategische Führung und industrielle Betriebserfahrung in den Vorstand ein. Seine Amtszeit endet auf der Jahreshauptversammlung der Aktionäre im Jahr 2025. Mit dieser Erweiterung besteht der Vorstand von Reliance nun aus neun Mitgliedern, von denen acht unabhängig sind.
In einem geplanten Nachfolgezug wird Douglas W. Stotlar der neue unabhängige, nicht-executive Vorsitzende des Vorstands, mit Wirkung zum 1. Januar 2025, anstelle von Mark Kaminski. Kaminski, der seit Juli 2016 als Vorsitzender tätig war, wird weiterhin Mitglied des Vorstands bleiben.
Kamsickas ist derzeit Vorsitzender und CEO von Dana Incorporated (NYSE: DAN), einem globalen führenden Unternehmen im Bereich Antriebs- und Energiemanagementlösungen. Zuvor hatte er Führungspositionen bei International Automotive Components und Lear inne.
- Appointment of James K. Kamsickas as an independent director, bringing valuable industry expertise
- Planned succession with Douglas W. Stotlar becoming new Chairman, ensuring leadership continuity
- Board composition strengthened with 8 out of 9 members being independent
- None.
SCOTTSDALE, Ariz., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today announced the appointment of James K. Kamsickas, 57, to serve as an independent director. Mr. Kamsickas’ term took effect on October 1, 2024 and will expire at the Company’s 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance’s Board will be comprised of nine members, eight of whom are independent.
"We are very excited to welcome Jim to Reliance's Board of Directors and look forward to his contributions as we continue to execute Reliance’s strategy and generate industry-leading results,” said Mark Kaminski, Chairman of Reliance’s Board of Directors. “Jim’s strategic leadership experience as well as his industrial operating expertise complement and deepen the skillsets in our board room.”
Karla Lewis, Reliance’s Chief Executive Officer, added: “I am pleased to welcome Jim as a new independent director on Reliance’s Board and we look forward to benefitting from his vast experience and expertise in industrial manufacturing, with a strong emphasis on safety.”
Mr. Kamsickas is the chairman and chief executive officer of Dana Incorporated (NYSE: DAN), a leader in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. Prior to being named Dana CEO in 2015, Mr. Kamsickas was president and CEO of International Automotive Components for eight years. In addition, he served as head of Lear Corporation’s Interior Systems Division and held several additional senior leadership roles within that organization. Mr. Kamsickas earned a bachelor of science in business administration from Central Michigan University and a master of business administration degree from Michigan State University.
Consistent with corporate governance best practices and Reliance's strategic, deliberate and well-executed long-term succession plan, Mark Kaminski will step down from the position of non-executive Chairman of the Board effective January 1, 2025. Mr. Kaminski has served as Reliance’s independent, non-executive Chairman since July 2016. Mr. Kaminski will continue to serve as a member of the Company's Board of Directors. On October 1, 2024, the Board of Directors unanimously appointed Douglas W. Stotlar as Reliance's independent, non-executive Chairman of the Board effective January 1, 2025. Mr. Stotlar has served on Reliance's Board of Directors since October 2016.
About Reliance, Inc.
Founded in 1939, Reliance, Inc. (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 320 locations in 41 states and 12 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 value-added processing services. In 2023, Reliance’s average order size was
Forward-Looking Statements
This press release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expect,” “anticipate,” “believe,” and similar words and may include, but are not limited to, discussions of Reliance’s corporate governance, business strategies, and future performance. These forward-looking statements are based on management's estimates, projections and assumptions as of today’s date that may not prove to be accurate. Forward-looking statements involve known and unknown risks and uncertainties and are not guarantees of future performance. Actual outcomes and results may differ materially from these forward-looking statements as a result of various important factors, including, but not limited to, those disclosed in our most recent Form 10-K filed with the United States Securities and Exchange Commission (the “SEC”) and subsequent reports. These forward-looking statements are based on management's expectations and assumptions as of today’s date and Reliance disclaims any obligation to publicly update or revise any forward-looking statements.
CONTACT:
(213) 576-2428
investor@reliance.com
or Addo Investor Relations
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FAQ
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