Nucor names new president
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Nucor names new president. Nucor Corp. has named Stephen D. Laxton, currently its chief financial officer (CFO) and executive vice president, as president and chief operating officer (COO) effective Jan. 1, 2026. David A. Sumoski, who has served as COO since 2021, will retire effective June 13, 2026, after more than 30 years with the company. Laxton began at Nucor in 2003 and has served in several roles, becoming Nucor's CFO and executive vice president in 2022. Charlotte, North Carolina-based Nucor makes recycled steel and operates the David J. Joseph network of metals recycling facilities. Nucor plans to conduct a search for a new CFO, and Laxton will continue to serve in that role until a new one is appointed. "Over the past 22 years, Steve has demonstrated exceptional leadership and strategic vision and has been instrumental to Nucor's success," Nucor CEO Leon Topalian says. "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. "Dave's retirement and Steve's promotion reflect our ongoing succession planning process that has been a strategic priority throughout Nucor for many years." Sumoski will transition from his current responsibilities Jan. 1, 2026, and between then and his retirement in June, will continue as an executive vice president...
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