Charlotte North Carolina US headquartered steel maker Nucor Corporation announced that Chief Financial Officer, Treasurer & Executive Vice President Mr Jim Frias plans to retire effective 11 June 2022, and will transition out of the role as of 6 March 2022. Vice President of Business Development & Strategic Planning, Mr Steve Laxton has been named his successor. Mr Frias and Mr Laxton will work together over the next several months to conduct a seamless transition of CFO responsibilities.Mr Frias, 65, joined Nucor in 1991 as Controller of Nucor Building Systems Indiana. Over the years, he took on roles with increasing levels of responsibility, serving as Controller of Nucor Steel Indiana and later as Corporate Controller. He was promoted to Vice President in 2006 and has served as Chief Financial Officer, Treasurer and Executive Vice President since January 2010. Mr Laxton, 51, began his career with Nucor in 2003 as General Manager of Business Development and was promoted to Vice President in 2014. Prior to joining Nucor, Mr Laxton worked for Cinergy Corp, holding various positions including Director of Asset Management and Manager of Corporate Development. Prior to Cinergy, he held various financial roles with Ashland Inc, North American Stainless and National City Bank. Mr Laxton holds a Bachelor of Science degree in Finance and Marketing from Georgetown College and a Master of Business Administration from the University of Kentucky.Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico.