Sources: U.S. Concrete Inc., Euless, Texas; CP staff
William J. Sandbrook has notified fellow U.S. Concrete directors of his intention to retire from his chief executive officer and chairman posts in April and May, respectively. He will stand for reelection as a director at the May annual meeting of stockholders and enter a one-year consulting agreement with the board. Succeeding him in the CEO capacity, effective April 3, will be Texas Industries and Martin Marietta Materials veteran Ronnie Pruitt, who joined U.S. Concrete in 2015 as senior vice president and chief operating officer and was named president in April 2019.
“After 17 years in the military and 28 years in the heavy construction materials industry and in conjunction with a robust succession plan, I believe it is an opportune time for me to turn over the CEO duties to Ronnie,” says Sandbrook, who arrived at U.S. Concrete in 2011 from Oldcastle Materials. “Ronnie is well prepared to lead the Company into our next phase of growth through his many years of industry experience. I am committed to working with him and the Company as a strategic advisor and Board member to ensure a smooth transition and continuation of our enhanced vertical integration strategy.” In a nod to directors, management and team members, he adds, “We have dramatically transformed the Company in the eyes of our customers, industry peers, and the investor community at large. I am humbled to have been part of this journey.”
Under Sandbrook’s leadership, U.S. Concrete evolved from a predominantly ready-mixed focused producer with limited geographic footprint to a much larger company with a focus on aggregates and vertically integrated operations with meaningful footprints in major metropolitan areas in the United States plus a large quarry in Canada servicing West Coast plants, notes Lead Director Michael Lundin. “The Company’s culture is strong and reflects Bill’s pursuit of excellence and passion for the business,” he adds. “Bill has developed an outstanding senior leadership team to support the Company and Ronnie in his new role.”