Steel Dynamics Acknowledges the Contributions of Retiring Board Members Richard P. Teets, Jr. and Gabriel L. Shaheen

Celebrating the Legacy of Two Exceptional Leaders at Steel Dynamics

On March 27, 2026, Steel Dynamics, Inc. (NASDAQ: STLD) announced the retirement of Richard P. Teets, Jr. and Gabriel L. Shaheen from its Board of Directors, effective as of the company's Annual Meeting of Shareholders scheduled for May 6, 2026. Both individuals have made significant contributions to the organization and the steel industry as a whole, leaving behind a lasting legacy.

Richard P. Teets, Jr.: A Foundational Force

Richard P. Teets, Jr., affectionately known as Dick, has been a crucial figure at Steel Dynamics since its inception. As one of the company's co-founders, he has spent over 35 years nurturing the company from the ground up. Mark D. Millett, the Chairman and CEO, praised Dick for his pioneering work in the steel sector, particularly in the development of thin-slab casting using electric-arc-furnace technology. He recognized Teets as an exceptional leader whose influence was pivotal to the company's growth and success.

"Dick's industry expertise and sound judgment have guided the company through key milestones and periods of significant growth," Millett remarked. His insights into engineering and operations, coupled with strategic negotiation skills, have driven the innovation that sets Steel Dynamics apart from its competitors. From orchestrating the company's operations to nurturing a robust culture within the workplace, Dick has shaped every aspect of the business.

Teets expressed heartfelt sentiments about his journey at Steel Dynamics, stating, "This has been a highlight of my life, and it will forever be my family." He emphasized his commitment to the company as a significant shareholder while expressing enthusiasm for engaging in charitable initiatives and community projects following his retirement.

Gabriel L. Shaheen: A Strategic Visionary

Alongside Dick is Gabriel L. Shaheen, whose invaluable contributions have been recognized by the Board as well. Millett extended heartfelt gratitude for Shaheen's financial insight and strategic guidance during his tenure, which spanned over sixteen years. Shaheen contributed to various financial decisions and offered thoughtful counsel that has shaped the organization.

Reflecting on his time with Steel Dynamics, Shaheen noted how the company established itself as a leading player in the Fort Wayne community and highlighted the remarkable journey of growth and stability he witnessed. His appreciation for the organization's commitment to its employees and the community was apparent as he thanked the Board for the opportunity to serve.

Steel Dynamics: A Leader in Innovation and Sustainability

As a leading industrial metals solutions company, Steel Dynamics has consistently pioneered practices in the steel industry, emphasizing a circular manufacturing model focused on sustainability. The company's production strategy incorporates lower-carbon-emission methods and recycled materials, reinforcing its dedication to environmentally responsible practices.

Today, Steel Dynamics stands as one of North America's largest domestic steel producers, complemented by a significant downstream steel fabrication platform. Additionally, the company has expanded into aluminum production, supporting diverse industries from automotive to sustainable beverage can manufacturing.

As they retire, Dick Teets and Gabe Shaheen leave behind not just legacies of accomplishments but also a robust framework that will drive Steel Dynamics into its next chapter. Their transitions signal a moment of reflection and an opportunity for the company to embrace fresh perspectives and continued innovation for years to come.

Conclusion

In a time of both gratitude and new beginnings, Steel Dynamics commemorates the contributions of Richard P. Teets, Jr. and Gabriel L. Shaheen. Their commitment to excellence and community-centric philosophy will always be a part of Steel Dynamics’ spirit, ensuring that their impact will resonate through the values and culture they fostered.