Nucor Corp. said Wednesday that Chief Financial Officer Jim Frias will retire, after 12 years in the role and 31 years at the steel maker. Frias, 65, will start transitioning out of the CFO role as of March 6 and his retirement will be effective June 11. The company said Steve Laxton, currently vice president of business development and strategic planning, will succeed Frias as CFO. Laxton has been with Nucor since 2003. Nucor's stock, which rose 1.1% in premarket trading, has soared 95.1% over the past 12 months through Tuesday, while the S&P 500 has gained 10.9%.
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