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Nucor Announces Leadership Transition with COO Retirement

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Nucor Announces Leadership Transition with COO Retirement

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An update from Nucor ( (NUE) ) is now available.

On December 2, 2025, Nucor Corporation announced the retirement of David A. Sumoski, Chief Operating Officer, effective June 13, 2026. Sumoski, who has been with Nucor since 1995, will step down from his COO role on January 1, 2026, and continue as Executive Vice President until his retirement. Concurrently, Stephen D. Laxton, the current Chief Financial Officer and Executive Vice President, will be promoted to President and COO, effective January 1, 2026. This leadership transition is part of Nucor’s strategic succession planning, ensuring a seamless transition of responsibilities.

The most recent analyst rating on (NUE) stock is a Buy with a $166.00 price target. To see the full list of analyst forecasts on Nucor stock, see the NUE Stock Forecast page.

Spark’s Take on NUE Stock

According to Spark, TipRanks’ AI Analyst, NUE is a Outperform.

Nucor’s overall stock score reflects a stable financial position with strong technical momentum. The company’s strategic growth initiatives and strong earnings call performance are positive, but valuation concerns and cash flow challenges weigh on the score. The outlook for Q4 presents some risks, but long-term prospects remain optimistic.

To see Spark’s full report on NUE stock, click here.

More about Nucor

Nucor and its affiliates are manufacturers of steel and steel products, operating in the United States, Canada, and Mexico. Their products include carbon and alloy steel, hollow structural section tubing, electrical conduit, steel racking, and more. Nucor is also North America’s largest recycler, engaging in the brokering and processing of ferrous and nonferrous metals.

Average Trading Volume: 1,608,640

Technical Sentiment Signal: Buy

Current Market Cap: $36.87B

See more insights into NUE stock on TipRanks’ Stock Analysis page.

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