Vulcan Steel Limited advises that its long-serving chief executive officer (CEO), Rhys Jones, has informed the Board of his intention to retire from the role after 19 years of dedicated leadership. The Board is pleased to announce that Gavin Street will be appointed as Vulcan’s managing director and chief executive officer, with both his directorship and executive role to be effective January 1, 2026.

Gavin joined Vulcan in 2024 and currently serves as chief commercial officer. With more than 20 years of management experience in distribution of industrial products, Gavin has demonstrated outstanding leadership and strategic acumen. Since joining Vulcan’s team, Gavin has shown strong alignment with Vulcan’s culture and long-term aspirations. The Board is confident that Gavin is exceptionally well-positioned to lead Vulcan through its next phase of growth. Rhys will continue to serve as CEO over the next six months to ensure a smooth and effective transition.

Russell Chenu has indicated his intention to step down from his role as Chair of Vulcan’s Board. To ensure continuity of strategic alignment and to retain Rhys’ deep industry expertise at the Board level, the Board is proposing for Rhys to succeed Russell as Board Chair. Rhys intends to stand for election as a director at Vulcan’s next annual shareholder meeting and, subject to his election, will then assume the role of non-executive Chair of the Board from January 1, 2026. Russell will remain on the Board and continue to play an important role as lead independent director, maintaining strong governance and independent oversight at Board level.

Vulcan’s chief operating officer, Adrian Casey, has confirmed his ongoing commitment to Vulcan by supporting the leadership transition and will continue in his executive role to ensure operational continuity. Adrian has been a senior executive of Vulcan since 1998 when he merged his own downstream steel operation with Vulcan. Having been a director of Vulcan since September 2022, Adrian will stand for re-election at this year’s annual shareholder meeting in accordance with the company’s constitution. Vulcan’s annual shareholder meeting is currently planned to be held around October 2025, with the exact date to be confirmed in the coming months.