Nucor promotes CFO Laxton to President & COO; Sumoski to retire June 2026

NUCOR CORP

Stephen D. Laxton named President and COO effective Jan 1, 2026; will remain CFO until successor appointed.
David A. Sumoski steps down as COO on Jan 1, 2026, then serves as EVP until retirement on June 13, 2026.
Laxton's annual base salary increases to $1,000,000; continues in senior officer incentive and retirement plans.
Nucor will conduct a search for a new CFO; Laxton has been CFO and EVP since 2022.
Sumoski's retirement is voluntary and part of ongoing succession planning after 30 years with the company.

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