• Gavin Street appointed as new CEO and Managing Director
• Rhys Jones remains on Board as non-executive Chair
• Russell Chenu remains on Board as lead independent director

Vulcan Steel Limited (ASX: VSL, NZX: VSL) has announced changes to its leadership team and Board of Directors, effective from 1 January 2026. Gavin Street has been appointed as Vulcan's new Chief Executive Officer (CEO), replacing Rhys Jones. Gavin Street has also been appointed to the Board as Managing Director. Rhys Jones will remain on Vulcan's Board as a non-executive Chair, having been elected by shareholders at the annual meeting on 31 October 2025. Russell Chenu, the previous Chair, will remain on the Board and has assumed the role of lead independent director. Vulcan's Board retains a majority of independent directors, with four of seven directors (Russell Chenu, Bart de Haan, Carolyn Steele and Nicola Greer) being independent directors. These changes were previously announced by Vulcan and disclosed to the Australian Securities Exchange and New Zealand Stock Exchange on 16 June 2025. The key terms of Gavin Street's employment are summarised in Vulcan's Annual Report for the financial year ended 30 June 2025.