CHARLOTTE, N.C.,
June 11,
2025 /PRNewswire/ -- The Nucor Corporation (NYSE:
NUE) family mourns the loss of former CEO and Chairman Dave Aycock, who passed away on Saturday, June 7, at the age of 94. Aycock,
along with Ken Iverson and
Sam Siegel, led Nucor's
transformation into one of the world's leading steelmakers.
"Dave Aycock was part of the
foundation of leaders that built Nucor into one of the most
successful steel companies in the world. Dave was the perfect
embodiment of our Nucor culture, as his career showed that there
are no limits on what a teammate can accomplish at Nucor," said
Leon Topalian, Chair, Chief
Executive Officer and President of Nucor.
Aycock rose within the company from his start as a welder in
1954 to President and Chief Operating Officer in 1984. He retired
in 1991 and continued to serve on Nucor's board of directors.
Aycock returned to the executive management team in 1998 to serve
as Chairman, and, in 1999 and 2000, during an important transition
period for the company, he assumed the responsibilities of
President and CEO. During that time, he implemented several key
initiatives, including a process for selecting the next CEO. He
retired from the board in 2001.
As a team Iverson, Siegel, and Aycock revolutionized American
steelmaking by building the company on a recycling-based production
process, as opposed to utilizing blast furnaces which was the
dominant production process at the time. In 1969, Nucor began
operating its first steel minimill in Darlington, South Carolina. The
recycling-based process started in Darlington now accounts for more than 70
percent of the steel production in the
United States, making America one of the cleanest places in
the world to make steel.
"Our hearts go out to Dave's wife, Daphne, and their entire
family. Dave was a blessing to our company and his positive impact
on the growth of Nucor is a tremendous legacy," said Topalian.
About Nucor
Nucor and its affiliates are
manufacturers of steel and steel products, with operating
facilities in the United
States, Canada and
Mexico. Products produced include:
carbon and alloy steel — in bars, beams, sheet and plate; hollow
structural section tubing; electrical conduit; steel racking; steel
piling; steel joists and joist girders; steel deck; fabricated
concrete reinforcing steel; cold finished steel; precision
castings; steel fasteners; metal building systems; insulated metal
panels; overhead doors; steel grating; wire and wire mesh; and
utility structures. Nucor, through The David J. Joseph
Company and its affiliates, also brokers ferrous and
nonferrous metals, pig iron and hot briquetted iron / direct
reduced iron; supplies ferro-alloys; and processes ferrous and
nonferrous scrap. Nucor is North
America's largest recycler.
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SOURCE Nucor Corporation