Reliance appoints John Sznewajs to board of directors
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Dividend Yield: 1.9%
EPS Growth %: +22.6%
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Reliance, Inc. (NYSE: RS) appointed John G. Sznewajs as an independent member of its board of directors, effective October 1, 2025. The 58-year-old executive's term will expire at the company's 2026 annual meeting of stockholders.
The appointment brings Reliance's board to nine members, with eight serving as independent directors. Sznewajs currently works as a partner at Shore Capital, a lower middle-market private equity firm.
From 2007 to 2023, Sznewajs served as vice president and chief financial officer of Masco Corporation (NYSE: MAS), a manufacturer of home improvement and building products. He also serves as a director of CMS Energy Corporation (NYSE: CMS), where he sits on the audit, finance, and executive committees.
Sznewajs holds a Bachelor of Arts in economics from Kalamazoo College and a Master of Business Administration degree from The University of Chicago Booth School of Business.
Phoenix-based Reliance operates as a metals service center company with approximately 320 locations across 41 states and 10 countries. The company distributes over 100,000 metal products to more than 125,000 customers across various industries.
In 2024, Reliance reported an average order size of $2,980, with approximately 50% of orders including value-added processing services and 40% of orders delivered within 24 hours, according to the company statement.
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