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Sam Siegel, retired Nucor finance chief, dies

Jun 04, 2013 | 05:43 PM |

Tags  Samuel Siegel, Nucor, John Ferriola, Michelle Appelbaum, steelmaker, Thorsten Schier

NEW YORK — Samuel Siegel, former vice chairman and chief financial officer of Nucor Corp., died June 2. He was 82.

"All of us at Nucor are deeply saddened by the loss of Sam Siegel, who was instrumental in helping build Nucor into the company that it is today. He was there from the very beginning working alongside Ken Iverson to build a truly remarkable American company," president and chief executive officer John J. Ferriola said in a statement.

Siegel joined Nucor in 1961 and remained with the Charlotte, N.C.-based steelmaker for 40 years, holding positions as vice chairman, chief financial officer and director.

"Nucor is known for its strong financial position, which is the legacy of the great work Sam Siegel did for our company," Ferriola added.

Siegel, who was instrumental in Ken Iverson’s appointment as chairman of Nucor and later played a role in his ouster, announced his retirement from Nucor’s board in 2001 (, Dec. 5, 2001). He retired as chief financial officer, treasurer and secretary Dec. 31, 1999.

"Sam Siegel was the model of the right kind of CFO. He was strong, principled and disciplined. He had a razor mind and rapier wit and was a perfect ‘inside guy’ and partner to the more outgoing and sociable Ken Iverson," Michelle Applebaum, managing partner at Chicago-based Steel Market Intelligence, told AMM via e-mail.

He is survived by his wife, Raenea.

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