John G. Sznewajs
RELIANCEAbout John G. Sznewajs
John G. Sznewajs, 58, joined Reliance, Inc. (NYSE: RS) as an independent director effective October 1, 2025; his term runs to the 2026 Annual Meeting and he was appointed to the Audit Committee . He is a partner at Shore Capital and previously served as Vice President and Chief Financial Officer of Masco Corporation from 2007 to 2023, bringing deep finance and industrial experience . He currently serves on the board of CMS Energy Corporation and sits on its audit, finance, and executive committees; he holds a BA in economics from Kalamazoo College and an MBA from the University of Chicago Booth School of Business .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Masco Corporation (NYSE: MAS) | Vice President & Chief Financial Officer | 2007–2023 | Senior finance leadership at a global manufacturer of home improvement/building products |
| — | — | — | — |
External Roles
| Organization | Role | Committees | Status |
|---|---|---|---|
| Shore Capital | Partner | — | Current |
| CMS Energy Corporation (NYSE: CMS) | Director | Audit; Finance; Executive | Current |
Board Governance
- Committee assignments (RS): Audit Committee member (appointed at joining) .
- Committee chairs (current): Audit—Frank J. Dellaquila (Chair) ; Compensation—Karen W. Colonias (Chair) ; Nominating & Governance—David W. Seeger (Chair) .
- Independence: Appointed as an independent director; after his appointment, RS’s board comprised nine members, eight independent . All standing committees consist solely of independent directors .
- Attendance and engagement: The Board met nine times in 2024; all current directors attended at least 90% of Board and committee meetings; all nine directors attended the May 2024 Annual Meeting .
- Executive sessions: Non‑management directors meet regularly in executive session led by the independent, non‑executive Chair (effective January 2025) .
Fixed Compensation
RS’s current non‑employee director program (the program Mr. Sznewajs joined) includes the following elements:
| Component | Amount / Terms |
|---|---|
| Annual cash retainer (director) | $140,000 (paid in equal quarterly installments) |
| Equity grant | 506 shares (~$150,059 grant date fair value); granted May 15, 2024; fully vested at grant; $296.56 grant-date price per share |
| Committee chair retainers | Audit Chair: $25,000; Compensation Chair: $20,000; Nominating & Governance Chair: $20,000 |
| Non‑executive Board Chair retainer | $150,000 |
| Meeting fees | None (no additional fees for Board/committee attendance) |
Directors are reimbursed for expenses related to Board/committee meetings .
Performance Compensation
- Directors do not receive performance‑based compensation; annual equity grants are not subject to vesting criteria and vest fully at grant .
- RS maintains a clawback policy for erroneously awarded compensation that applies to incentive cash and equity compensation (primarily an executive program signal) .
| Performance Metric | Applies to Directors’ Pay? |
|---|---|
| Financial/operational metrics (e.g., TSR, ROA) | None disclosed for director compensation |
Other Directorships & Interlocks
| Company | Relationship | Details / Potential Interlocks |
|---|---|---|
| CMS Energy Corporation | Public company directorship | Director; Audit, Finance, Executive committees |
| Shore Capital | Private equity firm | Partner |
- Related‑party/Item 404 review: RS disclosed no arrangements or understandings pursuant to which he was selected and no direct or indirect material interest in any transaction requiring Item 404(a) disclosure at appointment .
- Director independence review framework: RS’s 2025 proxy details independence determinations and identifies ordinary‑course relationships for other directors (e.g., SWIM, DANA) that remained below NYSE thresholds; Mr. Sznewajs is not mentioned in those items (he joined after the proxy) .
Expertise & Qualifications
- Finance and capital markets: Former long‑tenured CFO of Masco; partner at Shore Capital, a private equity firm .
- Governance and committee experience: Director at CMS Energy with service on audit, finance and executive committees .
- Education: BA (Economics) Kalamazoo College; MBA (Chicago Booth) .
Equity Ownership
| Item | Status |
|---|---|
| Initial beneficial ownership (Form 3) | Filed October 1, 2025 (initial statement of beneficial ownership) |
| Insider transactions (Form 4) in RS since appointment | None found as of Nov 20, 2025 (no RS Form 4s for Sznewajs per tracker) |
| Hedging/pledging of RS stock | Prohibited for directors under RS policy |
| Director stock ownership/retention policy | Applies to directors and officers |
RS also standardly enters into indemnification agreements with directors; Mr. Sznewajs executed the Company’s standard form at appointment .
Governance Assessment
-
Strengths and investor confidence signals
- Independent director with deep CFO experience in a large-cap industrial and current audit/finance committee experience at CMS; appointed to RS Audit Committee at joining .
- No related‑party transactions or selection arrangements disclosed; standard indemnification agreement executed .
- Strong board processes: independent Chair, all‑independent standing committees, regular executive sessions, and high 2024 attendance culture (≥90%) .
- Director equity ownership and retention policy in place; hedging/pledging prohibited .
-
Watch items
- Multi‑role time commitments (CMS board/committees plus PE partnership) warrant routine monitoring for bandwidth, though no conflicts or Item 404 transactions are disclosed at this time .
- RS annual director equity grants vest immediately, which can reduce long‑term at‑risk alignment; mitigated by director ownership/retention requirements and anti‑hedging/pledging policies .
-
Red flags
- None identified in Company filings regarding related‑party exposure, hedging/pledging, or attendance for the period disclosed .