Nucor Names Jack Sullivan CFO; Declares $0.56 Dividend, $4B Share Buyback

CHARLOTTE LEADERSHIP SHIFT

CHARLOTTE, N.C. — Nucor announces the promotion of John L. "Jack" Sullivan to chief financial officer, treasurer and executive vice president, effective March 1, 2026, cementing a planned leadership transition that ramps up the company’s financial governance. Sullivan succeeds Steve Laxton, who is serving as president and chief operating officer after his elevation on Jan. 1, 2026. The move comes as Nucor continues to align its executive team with strategic priorities across production, recycling and capital allocation.

Sullivan, 52, joins the finance leadership having worked at Nucor since 2022, moving from general manager of investor relations to vice president, treasurer and general manager of investor relations in 2025. He brings more than a decade of treasury, corporate development and investor relations experience from Duke Energy and earlier years in corporate and investment banking at Bank of America. The company points to his background and an MBA from Wake Forest University as central to strengthening oversight of liquidity, funding and financial strategy across Nucor’s North American operations.

Chief Executive Leon Topalian frames the appointment as part of a broader effort to create sustainable long‑term value for shareholders, customers, employees and communities. Nucor underscores continuity in its succession plan while emphasizing Sullivan’s role in supporting operational growth, recycling initiatives and commodity supply chains that are integral to the steelmaker’s decentralized business model. The promotion also signals continued investment in financial leadership as Nucor scales production of carbon and alloy steel products across the United States, Canada and Mexico.

DIVIDEND AND REPURCHASE ACTIONS

Alongside the leadership change, Nucor’s board declares a regular quarterly cash dividend of $0.56 per share payable May 11, 2026 to shareholders of record March 31, marking the company’s 212th consecutive quarterly dividend. The board also authorizes a new discretionary, no‑expiration share repurchase program of up to $4.0 billion, replacing the prior authorization under which about $3.69 billion has been repurchased since May 2023.

OPERATIONS, RECYCLING AND RISKS

Nucor reiterates its broad product footprint — from beams, sheet and plate to joists, decking, fasteners and metal building systems — and highlights The David J. Joseph Company as a key metals broker and scrap processor, underpinning its position as North America’s largest recycler. The release carries customary forward‑looking cautions noting uncertainties and that actual results may vary from management’s expectations.