Two years ago we saw Dallas-based Eagle Materials Inc., slightly reeling from a fracking sand production play, heed an activist investor’s proposal for a Light Materials (wallboard, paperboard) and Heavy Materials (cement, aggregates, concrete) business split. The action had the aura of an opportunistic New Yorker swaggering into Texas to shed light on running a construction materials business. Eagle Materials…
Read MoreSources: Eagle Materials Inc., Dallas; CP staff
Eagle Materials directors have taken a key step toward the mid-year separation of the cement- and gypsum wallboard-centered Heavy and Light Materials businesses into independent, New York Stock Exchange-traded companies. Leading the Heavy Materials business, operating as Eagle Materials, will be current Chairman Mike Nicolais and President and Chief Executive Officer Michael Haack. The Light Materials business, operating as American Gypsum Company, will be led by Chairman Dave Powers, former Eagle Materials CEO and current director, and President and CEO Craig Kesler, current chief financial officer.
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Dallas-based Eagle Materials Inc. has announced the retirement of President and CEO Steve Rowley effective March 31. The cement, aggregate, ready mixed concrete and wallboard producer notes that his decision, stemming from post-surgery health matters, brings “to a close a remarkable career of 25 years of continuous service to the company and its stockholders.”
Read MoreSources: Eagle Materials Inc., Dallas; CP staff
Eagle Materials has announced the retirement of President and CEO Steve Rowley effective March 31. The cement, aggregate, ready mixed concrete and wallboard producer notes that his decision, stemming from post-surgery health matters, brings “to a close a remarkable career of 25 years of continuous service to the company and its stockholders.”
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