• Rhys Jones to retire as CEO after 19 years of leadership
• Gavin Street to be appointed as new Managing Director and CEO from 1 January 2026
• Russell Chenu to step down as Board Chair, with Rhys Jones to succeed him

Vulcan Steel Limited (ASX: VSL, NZX: VSL) has announced 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 1 January 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. 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 1 January 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.