Richard Teets - Steel Dynamics President

Mr. Richard P. Teets, Jr. is Director of the Company. He is a cofounder of our Company and was a director since inception. Prior to his retirement on March 31, 2016, Mr. Teets had been our Executive Vice President for Steelmaking and President and Chief Operating Officer of Steel Operations since August 2008. In April 2007, Mr. Teets became an Executive Vice President, overseeing the Company four longproducts steelmaking divisions and the steel fabricating business, New Millennium Building Systems. In 1998, Mr. Teets initiated the planning for construction of the Company structuralsteel mill at Columbia City, Indiana. From 1998 to 2007, he managed the construction, startup, and operation of the structural mill and was responsible for its commercial success and growth. From 1993 to early 1996, Mr. Teets was responsible for the planning and construction of the Company pioneering flat roll steel mill in Butler, Indiana as well as its subsequent construction of a cold rolled facility, after which he became Vice President and General Manager of Rolling and Finishing at the flat roll mill. Prior to that, after a ten year career at JL Steel, Mr. Teets joined Nucor Corporation in 1987 as an engineering manager at Crawfordsville, Indiana, where he was given broad responsibility for the design and construction of its new thinslabcasting facility at that location. Thereafter, in 1991, he assumed responsibility for Nucor Crawfordsville, Indiana coldrolling and finishing operations. Mr. Teets holds a bachelor degree in mechanical engineering from Lafayette College and a master degree in business administration from Duquesne University . Mr. Teets was named the Steel Advocate of the Year during 2016 by the American Metal Market. since 2016.