Friedman Industries, Incorporated announced that on September 12, 2019, Michael J. Taylor was elected by the Board of Directors of the company to serve as President and Chief Executive Officer of the company, effective immediately. Mr. Taylor has served as the Interim President and Interim Chief Executive Officer since February 12, 2019 and has served as a director of the company since December 2016 and as Chairman of the Board of Directors since June 2017. Mr. Taylor will continue to serve as a director of the company and Chairman of the Board.

Prior to joining the company in December 2016 and his prior retirement, Mr. Taylor served as President of Cargill Metals Supply Chain from 2003 to 2014.