Business
Nucor Announces Promotion of Steve Laxton to President and Chief Operating Officer; Dave Sumoski to Retire
Nucor Corporation (NYSE: NUE) announced today that Stephen D. Laxton, Chief Financial Officer and Executive Vice President, has been promoted to the role of President and Chief Operating Officer effective January 1, 2026. David A. Sumoski, who has served as COO since 2021, will retire effective June 13, 2026, after more than thirty years of service.
About this update from Nucor Corporation
[{"type":"text","content":"CHARLOTTE, N.C., Dec. 4, 2025 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Stephen D. Laxton, Chief Financial Officer and Executive Vice President, has been promoted to the role of President and Chief Operating Officer effective January 1, 2026. David A. Sumoski, who has served as COO since 2021, will retire effective June 13, 2026, after more than thirty years of service.","length":397,"tagName":"p"},{"type":"image","alt":"Nucor Logo. (PRNewsfoto/Nucor Corporation)","displaySize":"","headline":null,"caption":"Nucor Logo. (PRNewsfoto/Nucor Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":44,"url":"https://media.zenfs.com/en/prnewswire.com/9aee245ebf2708b79770ef4e0b7e97a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Ge9uj1gHWCa2PelhC1tNQw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc4O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/9aee245ebf2708b79770ef4e0b7e97a9","width":400,"height":44}},"href":"https://mma.prnewswire.com/media/2390724/Nucor_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Mr. Laxton began his career with Nucor in 2003 as General Manager of Business Development and was promoted to Vice President in 2014. He has served as Nucor's CFO and Executive Vice President since 2022. The Company will conduct a search for a new Chief Financial Officer, and Mr. Laxton will continue to serve in the role until a new CFO is appointed.","length":356,"tagName":"p"},{"type":"text","content":""Over the past 22 years, Steve has demonstrated exceptional leadership and strategic vision and has been instrumental to Nucor's success. Steve's new role as President and COO will give him an opportunity to have an even greater impact, and I look forward to working with him in this next chapter of his leadership," said Leon Topalian, Nucor's Chair and Chief Executive Officer. "Dave's retirement and Steve's promotion reflect our ongoing succession planning process that has been a strategic priority throughout Nucor for many years."","length":577,"tagName":"p"},{"type":"text","content":"Mr. Sumoski will transition from his current responsibilities on January 1, 2026. Until his retirement, Mr. Sumoski will continue as an Executive Vice President and advisor to Mr. Topalian and will work closely wit...