Sources: Eagle Materials Inc., Dallas, Texas; CP staff
Eagle Materials President and Chief Operating Officer Michael Haack will succeed Chief Executive Officer Dave Powers, who will retire July 1 but remain on the board of directors. The move culminates a multiyear succession plan and set of transition preparedness steps the board undertook over the last four years.
Read MoreSources: Eagle Materials Inc., Dallas; CP staff
A definitive agreement with Cemex S.A.B. de C.V. will net Eagle Materials a Xenia, Ohio (Fairborn) cement plant, plus Columbus terminal, cement bagging operation and related assets. The $400 million deal is projected to close in the fourth quarter and could increase the suitor’s cement output by up to 20 percent.
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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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