Reliance, Inc.: Strengthening Board with Kamsickas and Stotlar

Reliance, Inc. (NYSE: RS), a leading global diversified metal solutions provider, has bolstered its board of directors with the appointment of James K. Kamsickas and Douglas W. Stotlar. These strategic additions bring valuable expertise and experience, further enhancing the company's governance and strategic direction.

James K. Kamsickas, 57, joins Reliance's board as an independent director, effective October 1, 2024. His extensive background in industrial manufacturing and safety complements the existing board's skillsets. As the chairman and chief executive officer of Dana Incorporated (NYSE: DAN), Kamsickas brings a wealth of knowledge in designing and manufacturing highly efficient propulsion and energy-management solutions. His experience in strategic leadership and industrial operating expertise will undoubtedly contribute to Reliance's ongoing success.


Kamsickas' appointment is expected to influence Reliance's capital allocation priorities and stockholder returns. His insights into the industrial manufacturing sector and safety practices may help the company optimize its resources and improve operational efficiency. Moreover, his experience in strategic leadership could provide valuable guidance in navigating the ever-evolving market landscape.

Douglas W. Stotlar, who has served on Reliance's board since 2016, has been appointed as the independent, non-executive chairman of the board, effective January 1, 2025. Stotlar's experience in corporate governance and strategic planning aligns perfectly with Reliance's commitment to diversity, inclusion, and best practices in corporate governance. His appointment reflects the company's dedication to fostering a strong and effective board that drives long-term success.


Stotlar's appointment also signifies Reliance's commitment to long-term succession planning and strategic direction. His experience in guiding organizations through transformative periods will be invaluable in helping Reliance navigate future challenges and opportunities. Additionally, his appointment aligns with the company's ongoing efforts to enhance shareholder value and corporate performance.

In conclusion, Reliance, Inc.'s appointments of James K. Kamsickas and Douglas W. Stotlar to its board of directors demonstrate the company's commitment to strengthening its governance and strategic direction. These appointments bring valuable expertise and experience, further enhancing Reliance's ability to execute its strategy and generate industry-leading results.