Pit & Quarry, August 2018
Vulcans McPherson to step aside next CFO hired V ulcan Materials Co named Suzanne Wood senior vice president and CFO effective Sept 1 Wood will succeed John McPherson the companys current executive vice president and chief financial and strategy officer McPherson will continue to serve in his current capacity until the end of August and hell remain with Vulcan as chief strategy officer until the end of 2018 Vulcan has benefitted tremendously from Johns counsel and leadership over the years and we appreciate Johns commitment to a smooth handover says Tom Hill Vulcan chairman and CEO He has played a critical role in all of our endeavors as we have continued to build an even stronger aggregates focused company with strategic positions in high growth markets across the United States According to Hill Wood is a proven executive who will bring valuable experience and perspective to Vulcans senior team Suzanne most recently served as the CFO of Ashtead Group a FTSE 50 international equipment rental company serving the construction industry and other markets Hill says As such she has a strong understanding of the end markets we supply and of how to drive growth in a multi local business During her tenure as CFO of Ashtead Group the companys revenues profits and market value all increased significantly while debt leverage declined We look forward to her contributions to Vulcans future success P Q AggregAte Industry Index sePt oct noV Dec Jan 16 FeB mar aPr maY JUn JUl aUg seP oct noV Dec Jan 17 FeB mar aPr maY JUn JUl aUg seP oct noV Dec Jan 18 August 392 FeB mar aPr maY JUn JUl aUg 400 350 300 250 Source Pit Quarry The P Q Aggregate Industry Index above is up four points this month Industry stocks below were mixed in July as only a handful experienced upward traction 12 month chart Price 52 Week range market caP in Billions stocks low high As of July 10 2018 source Yahoo Finance Cemex CX 703 572 1037 1000 CRH Oldcastle CRH 3594 3247 3932 3016 Eagle Materials EXP 10768 8651 12249 517 Granite Construction GVA 5677 4705 6858 259 Heidelberg Cement HEI 7218 7150 9616 1432 LafargeHolcim LHN 4116 4010 5261 2465 Martin Marietta MLM 22600 18927 24133 1423 MDU Resources MDU 2893 2429 2962 565 Summit Materials SUM 2680 2449 3406 308 U S Concrete USCR 5150 4900 8635 087 U S Lime Minerals USLM 8212 7056 10140 046 Vulcan Materials VMC 12735 10817 14120 1683 Martin Marietta sells two quarries Ma r t i n Mariet ta completed the divestitures required in connection with its acquisition Nye of Bluegrass Materials Martin Marietta sold its Forsyth Quarry north of Atlanta earlier this year and more recently Bluegrass Beaver Creek Quarry in western Maryland both for cash We are pleased to conc lude t he DOJ s Hart Scott Rodino process related to our acquisition of Bluegrass Materials says Ward Nye chairman president and CEO of Martin Marietta pitandquarry com August 2018 PIT QUARRY 59
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