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Nucor Announces Promotion of Steve Laxton to President and Chief Operating Officer; Dave Sumoski to Retire

  • Nucor Corporation announced that Stephen D. Laxton will be promoted from Chief Financial Officer to President & Chief Operating Officer effective January 1, 2026.
  • David A. Sumoski will retire as COO on June 13, 2026, after more than thirty years of service with the company.
  • Laxton joined Nucor in 2003, became Vice President in 2014, & has served as CFO since 2022.
  • The company will search for a new CFO, with Laxton continuing in that role until a replacement is appointed.
  • Sumoski will transition from COO responsibilities on January 1, 2026, while remaining an Executive Vice President & advisor until his retirement.
  • Sumoski joined Nucor in 1995 as an electrical supervisor & served as COO since 2021.
  • Leon Topalian, Nucor's Chair & CEO, highlighted both executives' leadership contributions as part of the company's strategic succession planning.