Nucor Adds Barnes Group CEO to Board of Directors

12/1/16

Nucor Corp. announced on Thursday that its board of directors has elected a new member, according to a filing with the Securities and Exchange Commission.

Patrick J. Dempsey will be a director, effective immediately, according to the Dec. 1 SEC filing, which can be found here.

Dempsey, 52, is president and chief executive officer of Barnes Group Inc., an international industrial and aerospace manufacturer and services provider.

“Patrick brings extensive experience in the areas of business management, technology leadership, corporate strategy and development and international business,” John Ferriola, Nucor’s chairman, CEO and president, said in a release. “He will be an excellent addition to our board and we are pleased to welcome him to the Nucor team.”

Prior to becoming CEO of Barnes, Dempsey served as its senior vice president and chief operating officer and was responsible for oversight and direction of its global business segments. He also worked closely on the development and execution of Barnes’s strategic plan.

Prior to joining Barnes in October 2000, Dempsey held leadership positions at United Technologies’ Pratt and Whitney Division and the Interturbine Group of Companies. Dempsey currently serves as a director of Barnes and also serves on the board of trustees of the Manufacturers Alliance for Productivity and Innovation.

Nucor — North America’s largest recycler — and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.

The Charlotte-based company’s products produced include carbon and alloy steel in bars, beams, sheets and plates, hollow structural section tubing, steel piling, cold finished steel, wire and wire mesh.

Nucor’s stock fell 49 cents — or 0.78 percent — from an opening price of $62.59 to $62.10 per share in the first 30 minutes of trading on Thursday.

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