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Nippon Steel CEO sees no risk to management plans from US
Gulf Today
|June 22, 2025
The US government's ownership of a golden share in US Steel will not block Nippon Steel from taking any management action that it deems appropriate, the Japanese steelmaker's CEO said.
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Eiji Hashimoto spoke at a press conference in Tokyo a day after Japan's top steelmaker closed its $14.9 billion acquisition of US Steel, confirming Nippon Steel had agreed to give the US government unusual power to help end its 18-month battle to reach a deal.
The national security agreement inked with US President Donald Trump's administration hands Washington a non-economic golden share and gives the president the authority to name a board member.
“We won't be constrained in pursuing anything we aim to do,” Hashimoto said, when asked how the golden share would influence management freedom.
This story is from the June 22, 2025 edition of Gulf Today.
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