Caterpillar, J.P. Morgan veteran to succeed Martin Marietta CFO Lloyd

Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff

Martin Marietta has named James A.J. Nickolas senior vice president and chief financial officer, effective mid-August. He succeeds the retiring Anne Lloyd, who will remain with the producer through September, capping a 12-year term as CFO.

Nickolas most recently led the Caterpillar Inc. Corporate Development Group, following CFO tours of duty at the manufacturer’s Resources Industries segment and Global Mining division. Prior to Caterpillar, he was executive director of J.P. Morgan Securities.

“[Jim Nickolas] brings valuable expertise to the already strong senior leadership team, including deep knowledge of financial management, mining and materials, and M&A execution and integration,” says Martin Marietta CEO Ward Nye. “We look forward to working closely with him to leverage his energy and talents to further enhance our performance and extend our track-record of superior shareholder value creation.”

Nye credits Lloyd’s “integral role in helping deliver exceptional returns to shareholders as we executed our strategic plan. She has been instrumental in managing the company’s balance sheet in a manner that allowed us to sensibly and successfully pursue value-enhancing organic and external growth opportunities.”

Lloyd joined Martin Marietta in 1998 as vice president and controller, and was named chief accounting officer the following year, leading to a 2005 appointment as CFO, where she has overseen financial reporting, accounting, internal audit, investor relations, tax and treasury.