Summit Materials CEO succession plan mints industry’s top female executive

Sources: Sources: Summit Materials, Inc., Denver; CP staff 

Nearly 11 years after founding Summit Materials, Thomas W. Hill has announced his retirement as president, chief executive officer and director, effective September 1, after which he will assume a senior advisor role for the remainder of the year and serve in a consulting capacity through July 2023. His successor in the C-suite and on the Summit board is Anne Noonan, who will arrive with 30-plus years’ of senior leadership experience at publicly traded companies and become the highest ranking female among major North American cement, aggregate and concrete producers.

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Con-E-Co joins Rexcon under Astec umbrella

Sources: Astec Industries Inc., Chattanooga, Tenn.; CP staff

Astec Industries has closed on Blair, Neb.-based Concrete Equipment Co., adding the mainstay batch plant manufacturer to an Infrastructure Solutions group portfolio that includes peer operator Rexcon LLC. The business was acquired from Wisconsin-based Oshkosh Corp., where Con-E-Co had served since 2005 as a plant equipment companion to namesake and McNeilus front and rear discharge mixer truck offerings.

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