Reliance, Inc. appoints John G. Sznewajs as an independent Board member, effective October 1, 2025.
Quiver AI Summary
Reliance, Inc. has appointed John G. Sznewajs as an independent member of its Board of Directors, effective October 1, 2025. His term will last until the company's 2026 Annual Meeting of Stockholders, bringing the total number of board members to nine, with eight being independent. Chairman Douglas Stotlar and CEO Karla Lewis expressed excitement about Sznewajs' extensive financial expertise and leadership experience, particularly in corporate strategy and industrial operations. Sznewajs is a partner at Shore Capital and previously served as CFO of Masco Corporation. He also holds board positions at CMS Energy Corporation. Reliance, founded in 1939, is a leading diversified metal solutions provider, operating about 320 locations worldwide and focusing on value-added processing services for various industries.
Potential Positives
- Reliance, Inc. has strengthened its Board of Directors by appointing John G. Sznewajs, who brings significant financial expertise and global market knowledge, potentially enhancing the company's strategic decision-making.
- The Board is now comprised of nine members, with eight being independent, which improves governance and may boost investor confidence.
- Mr. Sznewajs' previous experience as CFO of a global manufacturer and his current role as a director on another corporation's audit and finance committees will provide valuable insights and oversight for Reliance.
Potential Negatives
- Appointment of an independent director may indicate a need for enhanced governance or oversight, potentially highlighting previous shortcomings in the board's composition.
FAQ
Who has been appointed to Reliance's Board of Directors?
John G. Sznewajs has been appointed as an independent member of the Board.
When did John G. Sznewajs' term on the Board start?
His term took effect on October 1, 2025.
How many members are on Reliance’s Board of Directors?
Reliance’s Board now has nine members, eight of whom are independent.
What is John G. Sznewajs' professional background?
He has expertise in corporate strategy, finance, and multinational business operations, among other fields.
Where can I find more information about Reliance, Inc.?
Additional information is available on Reliance's website at reliance.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RS Congressional Stock Trading
Members of Congress have traded $RS stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $RS stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 2 purchases worth up to $30,000 on 08/04, 06/17 and 0 sales.
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/07.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$RS Hedge Fund Activity
We have seen 279 institutional investors add shares of $RS stock to their portfolio, and 306 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOSTON PARTNERS added 739,854 shares (+72.4%) to their portfolio in Q2 2025, for an estimated $232,240,170
- FIRST TRUST ADVISORS LP removed 307,780 shares (-67.2%) from their portfolio in Q2 2025, for an estimated $96,612,142
- ROYAL LONDON ASSET MANAGEMENT LTD removed 289,785 shares (-42.9%) from their portfolio in Q2 2025, for an estimated $90,963,511
- CITADEL ADVISORS LLC removed 284,565 shares (-80.7%) from their portfolio in Q2 2025, for an estimated $89,324,953
- GAMMA INVESTING LLC removed 277,940 shares (-99.6%) from their portfolio in Q2 2025, for an estimated $87,245,366
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 230,562 shares (+inf%) to their portfolio in Q2 2025, for an estimated $72,373,411
- VANGUARD GROUP INC removed 181,661 shares (-2.9%) from their portfolio in Q2 2025, for an estimated $57,023,387
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RS Analyst Ratings
Wall Street analysts have issued reports on $RS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 09/09/2025
To track analyst ratings and price targets for $RS, check out Quiver Quantitative's $RS forecast page.
$RS Price Targets
Multiple analysts have issued price targets for $RS recently. We have seen 2 analysts offer price targets for $RS in the last 6 months, with a median target of $323.0.
Here are some recent targets:
- Bennett Moore from JP Morgan set a target price of $350.0 on 09/09/2025
- Timna Tanners from Wells Fargo set a target price of $296.0 on 08/14/2025
Full Release
PHOENIX, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today announced the appointment of John G. Sznewajs, 58, as an independent member of the Company’s Board of Directors. Mr. Sznewajs’ term took effect on October 1, 2025 and will expire at the Company’s 2026 Annual Meeting of Stockholders. Following the appointment of Mr. Sznewajs, Reliance’s Board will be comprised of nine members, eight of whom are independent.
"We are thrilled to have John join our Board,” said Douglas Stotlar, Chairman of Reliance’s Board of Directors. “He is an exceptional leader with deep financial expertise and understanding of global markets. John’s unique perspective and wealth of experience will be a tremendous asset to Reliance.”
Karla Lewis, Reliance’s Chief Executive Officer, added: “I am pleased to welcome John as a new independent director on Reliance’s Board. John is a respected and experienced executive with expertise in corporate strategy, finance and financial markets, multinational industrial business operations, information technology, and corporate and business development.”
Mr. Sznewajs is a partner at Shore Capital, a lower middle-market private equity firm. From 2007 to 2023, Mr. Sznewajs served as the Vice President and Chief Financial Officer of Masco Corporation (NYSE: MAS), a global manufacturer and marketer of branded home improvement and building products and services. Mr. Sznewajs also currently serves as a director of CMS Energy Corporation (NYSE: CMS), an energy company operating primarily in Michigan, and serves on its audit, finance, and executive committees. Mr. Sznewajs earned 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.
About Reliance, Inc.
Founded in 1939, Reliance, Inc. (NYSE: RS) is a leading global diversified metal solutions provider and the largest metals service center company in North America. Through a network of approximately 320 locations in 41 states and 10 countries outside of the United States, Reliance provides value-added metals processing services and distributes a full-line of over 100,000 metal products to more than 125,000 customers in a broad range of industries. Reliance focuses on small orders with quick turnaround and value-added processing services. In 2024, Reliance’s average order size was $2,980, approximately 50% of orders included value-added processing, and approximately 40% of orders were delivered within 24 hours. Reliance’s press releases and additional information are available on the Company’s website at
reliance.com
.
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