One of the biggest dealmakers in the history of North American heavy building materials is preparing for a sunset of day-to-day duties at an operation he founded 11 years ago.
Read MoreTag: Tom Hill
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.
Read MoreVulcan, Martin Marietta pace $5 billion milestone neck-and-neck
Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials, Birmingham, Ala.; CP staff
Consistent with recent years’ near-equal financials, sand & gravel and crushed stone top guns Vulcan Materials and Martin Marietta Materials report respective 2019 sales of $4.9 billion and $4.74 billion, and adjusted earnings before interest, taxes, depreciation and amortization of $1.27 billion and $1.25 billion.
Read MoreVulcan CEO Hill named chairman as retiring James seals leadership transition
Vulcan Materials Co. Chairman Don James retired at the close of 2015, capping nearly two decades on the executive team and consummating a leadership transition to Tom Hill, who adds the chairman’s post 18 months after becoming president and CEO.
Read MoreSummit bolts on six properties to three platforms
Source: Summit Materials, Washington, D.C.
Gearing up to be as active a U.S. construction materials deal maker in 2011 as it was in 2010, Summit Materials announced just prior to the July 4 holiday weekend the closing of deals to acquire six properties that would serve to establish a footprint in western Colorado and further strengthen the company’s aggregates positions in Missouri, Utah and its adjacent states.
Read More