RUSSEL METALS ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS

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Russel Metals Inc. (TSX: RUS) announces the retirement of Linh Austin from the Board of Directors and the appointment of Stewart Burton as an independent Director. Stewart Burton, a highly experienced professional with a strong background in global capital markets, joins the board, bringing valuable expertise to benefit the shareholders.

TORONTO, Jan. 2, 2024 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces the retirement of Linh Austin from the Board of Directors and the appointment of Stewart Burton as an independent Director.

Russel Metals' Board Chair Jim Dinning extended his appreciation for Mr. Austin's service and commented "I want to thank Linh for his contributions to our Board and wish him well."

Stewart Burton holds a Bachelor of Arts in Business Administration from the University of Western Ontario and an MBA degree from Harvard University.  In addition, Mr. Burton has a CPA, CA designation.  Mr. Burton recently retired as Vice-Chairman of RBC Capital Markets after a distinguished 36-year career at RBC where he led domestic and global banking teams providing financial and strategic advice to executive teams and boards of directors.  During his tenure at RBC, he served as a member of RBC's investment banking management committee, investment strategy committee and RBC Dominion Securities audit committee.

Jim Dinning commented, "We welcome Stewart Burton to Russel Metals. Stewart's extensive business experience and his deep knowledge of global capital markets will add to the strength of our Board of Directors and be a benefit to shareholders. We look forward to his contributions."

About Russel Metals Inc.

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing.  It carries on business in three segments: metals service centers, energy field stores and steel distributors.  Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.  Its energy field stores carry a specialized product line focused on the needs of energy industry customers.  Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.

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SOURCE Russel Metals Inc.

FAQ

Who is retiring from the Board of Directors of Russel Metals Inc.?

Linh Austin is retiring from the Board of Directors of Russel Metals Inc.

Who is the newly appointed independent Director at Russel Metals Inc.?

Stewart Burton is the newly appointed independent Director at Russel Metals Inc.

What are Stewart Burton's qualifications?

Stewart Burton holds a Bachelor of Arts in Business Administration from the University of Western Ontario, an MBA degree from Harvard University, and has a CPA, CA designation. He recently retired as Vice-Chairman of RBC Capital Markets after a distinguished 36-year career at RBC.

What is the reaction of Russel Metals' Board Chair to Linh Austin's retirement?

Russel Metals' Board Chair, Jim Dinning, extended his appreciation for Mr. Austin's service and thanked him for his contributions to the Board.

What is Jim Dinning's comment about Stewart Burton's appointment?

Jim Dinning welcomed Stewart Burton to Russel Metals and highlighted Stewart's extensive business experience and deep knowledge of global capital markets, expressing anticipation for his contributions to benefit the shareholders.