Nicolais, Haack to lead Eagle Materials post-split namesake business

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. 

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Eagle Materials completes succession plan as Haack replaces CEO Powers

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.

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