Sources: Concrete Industry Management National Steering Committee
The Concrete Industry Management program auction, staged amid World of Concrete 2020 day two activities at the Las Vegas Convention Center, grossed more than $1.2 million from bidding on a Mack Granite-mounted McNeilus Bridgemaster mixer, Somero S-485 laser screed, Shumaker Load and Go truck wash system, Mahindra Automotive 2020 Roxor off road vehicle, and a host of smaller ticket product, material, equipment, and entertainment, sports or travel package offerings.
Sources: 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.
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.