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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.
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