Nucor Corporation announced on February 19 2026 that John L. “Jack” Sullivan will assume the roles of Chief Financial Officer, Treasurer and Executive Vice President effective March 1, 2026. Sullivan, who has served as Vice President, Treasurer and General Manager of Investor Relations since 2022, will succeed Steve Laxton, who was promoted to President and Chief Operating Officer on January 1, 2026.
Sullivan’s career at Nucor began in 2022 and culminated in a promotion to Vice President, Treasurer and General Manager of Investor Relations in 2025. Prior to joining Nucor, he spent 13 years in treasury and corporate development at Duke Energy and nine years in investment banking at Bank of America, giving him a blend of operational and financial expertise that is expected to strengthen Nucor’s disciplined capital allocation and shareholder return strategy.
The CFO appointment comes shortly after Nucor reported a Q4 2025 earnings miss. Revenue for the quarter was $7.69 billion, below the $7.93 billion consensus estimate, and earnings per share were $1.73 versus the $1.91 expected. Management guided for Q1 2026 with an outlook of earnings growth across all three operating segments, with the steel mills segment projected to lead the increase. The leadership transition is part of a broader plan to maintain continuity and confidence in the company’s financial stewardship.
Leon Topalian, Nucor’s Chair and Chief Executive Officer, welcomed Sullivan to the executive team, noting that “Jack will be a great addition to the executive leadership team. He is an accomplished leader whose strong financial acumen and strategic insight position him well to advance Nucor’s mission of creating sustainable long‑term value for our shareholders, customers, teammates and the communities we serve.” Steve Laxton, now President and COO, highlighted the company’s focus on execution and generating strong, through‑cycle returns for shareholders.
With Sullivan at the helm of finance, Nucor will continue to pursue disciplined capital allocation, maintain its high credit ratings, and support its cash‑rich balance sheet. The appointment signals the company’s confidence in its financial strategy and its commitment to sustaining shareholder returns while navigating the cyclical steel market.
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