Nucor names CFO Stephen Laxton president and COO; COO Dave Sumoski to retire
Nucor's Board appointed Chief Financial Officer Stephen Laxton as President and Chief Operating Officer effective January 1, 2026, while Chief Operating Officer David Sumoski retires, with his retirement effective June 13, 2026. Laxton will also remain CFO until the company appoints a successor, and Chair and CEO Leon Topalian continues in his roles, so shareholders will see a change in the company's senior operating and finance leadership.
Key points
- Stephen D. Laxton, CFO since 2022, becomes President and COO effective January 1, 2026, with his annual base salary increased to $1,000,000
- David A. Sumoski steps down as COO on January 1, 2026, stays on as an Executive Vice President and advisor, and retires June 13, 2026
- Laxton remains CFO until a successor is appointed, and Nucor says it will conduct a search for a new CFO
- Leon J. Topalian continues as Chair and Chief Executive Officer
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.