Nucor said David A. Sumoski notified the Board of Directors on December 2, 2025 that he will retire. He will step down as Chief Operating Officer on January 1, 2026 and remain with the company as an Executive Vice President until his retirement on June 13, 2026.

1. 01

   Nucor said David A. Sumoski notified the Board of Directors on December 2, 2025 that he will retire. He will step down as Chief Operating Officer on January 1, 2026 and remain with the company as an Executive Vice President until his retirement on June 13, 2026.

2. 02

   The company said its Board appointed Stephen D. Laxton, Chief Financial Officer and Executive Vice President, as President and Chief Operating Officer effective January 1, 2026. The appointment was made on December 2, 2025.

3. 03

   In connection with Laxton's appointment, the company said his annual base salary will increase to $1,000,000 effective January 1, 2026. He will also continue to participate in the Senior Officers Annual Incentive Plan and the Long-Term Incentive Plan.

4. 04

   The company said it is searching for a new Chief Financial Officer and that Laxton will remain CFO until a successor is appointed. Sumoski will serve as an Executive Vice President and advisor to Topalian until his retirement and will help with the handover of his duties, the company explained.

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