The Vulcan Materials Co. executive management succession continues this year with the elevation of Senior Vice President, South Region Tom Hill to executive vice president and chief operating officer, and his East Region counterpart, John McPherson, to executive vice president and chief financial officer.
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Major shareholder seeks Ameron chief’s ouster
Source: Barington Capital Group, L.P. and NYSE Group, New York; CP staff
Citing its belief that NYSE-listed Ameron Corp. should trade above $100/share (against a $76.60/share January 5 quote), investor Barington Capital has called on the company’s board to replace President, CEO and Chairman James S. Marlen. In a letter to directors “as a significant stockholder,” Barington states that it is convinced Ameron has a vast value potential that is not being realized, and positive attributes—healthy, asset-rich balance sheet, valuable joint ventures, attractive end markets and leading market positions for its businesses—to support the $100-plus share price assessment.
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