Friedman Industries, Incorporated announced that Robert Sparkman has elected to retire from his position as President, Chief Executive Officer, and as a director of the company to spend more time with his family, effective March 31, 2019. Mr. Sparkman, has been Chief Executive Officer since April 2017 and has been associated with the Company in various capacities for over 39 years. Michael J. Taylor, the company's current Chairman of the Board of Directors, will serve as interim President and interim Chief Executive Officer until a successor is appointed.

Mr. Taylor, has been a director of the Company since December 2016 and Chairman of the Board of Directors since June 2017. Prior to joining the Company, Mr. Taylor served as President of Cargill Metals Supply Chain, a steel processing distribution company, from 2003 to 2014. The company believes that Mr. Taylor's extensive knowledge of the steel industry will be a vital asset in his interim leadership role.

Mr. Taylor will retain his role as Chairman of the Board.