Reliance appoints Shore Capital partner Sznewajs to board of directors

NEW YORK - Reliance, Inc. (NYSE:RS) announced Wednesday the appointment of John G. Sznewajs as an independent member of its Board of Directors, effective October 1, 2025.

Sznewajs, 58, currently serves as a partner at Shore Capital, a lower middle-market private equity firm. His term will expire at Reliance’s 2026 Annual Meeting of Stockholders.

With Sznewajs joining, Reliance’s Board now consists of nine members, with eight being independent directors.

Prior to his role at Shore Capital, Sznewajs served as Vice President and Chief Financial Officer of Masco Corporation (NYSE:MAS) from 2007 to 2023. Masco manufactures and markets branded home improvement and building products.

Sznewajs also serves as a director at CMS Energy Corporation (NYSE:CMS), where he sits on the audit, finance, and executive committees. According to InvestingPro, CMS Energy has maintained dividend payments for 19 consecutive years and currently trades at $73.26 with a market capitalization of $21.9 billion. The company demonstrates stable financial performance with a 42% gross profit margin and 8.25% revenue growth in the last twelve months.

"He is an exceptional leader with deep financial expertise and understanding of global markets," said Douglas Stotlar, Chairman of Reliance’s Board of Directors, in a press release statement. For investors seeking deeper insights into companies like CMS Energy, InvestingPro offers comprehensive analysis, including 6 additional ProTips and detailed financial metrics in their Pro Research Reports, covering over 1,400 US stocks.

Sznewajs holds a Bachelor of Arts in economics from Kalamazoo College and a Master of Business Administration from The University of Chicago Booth School of Business. His appointment comes at a time when CMS Energy shows strong market stability with a beta of 0.38 and analysts maintaining a positive outlook with a consensus recommendation of 2.2.

Reliance, founded in 1939, operates as a metal solutions provider with approximately 320 locations across 41 states and 10 countries outside the United States.

In other recent news, CMS Energy reported its second-quarter 2025 adjusted earnings per share of $0.71, surpassing the consensus estimate of $0.68. The company also reaffirmed its adjusted earnings per share growth at the high end of its 6-8% range. Mizuho responded by raising its price target for CMS Energy to $74 from $68, maintaining a Neutral rating on the stock. Jefferies also adjusted its outlook, increasing the price target to $82 from $81, with a continued Buy rating, citing a "de-risked growth plan." Additionally, CMS Energy declared a quarterly dividend of 54.25 cents per share on its common stock, payable on August 29, 2025. Consumers Energy, a subsidiary of CMS Energy, declared a quarterly dividend of $1.125 per share on its preferred stock, payable on October 1, 2025. In leadership changes, Consumers Energy appointed Norm Kapala as vice president of grid operations restoration and work management, and Steve Champine as vice president of gas operations, effective October 1. These developments reflect ongoing strategic adjustments and financial commitments within CMS Energy and its subsidiary.

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