Vulcan Materials Announces CFO Succession Plan; No Impact on Stewardship, Moat, or FVE
On July 10, Vulcan Materials announced the planned retirement of CFO and Chief Strategy Officer John McPherson. Effective Sept. 1, Suzanne Wood will assume CFO duties, while McPherson will stay on through the end of the year as chief strategy officer. Wood’s most recent role was CFO of Ashtead Group, an equipment rental company with sales of more than $4 billion. With significant experience as a CFO at companies with similar end markets in construction, we think Wood is a suitable replacement fo...Vulcan Materials is a supplier of construction aggregates and a producer of asphalt mix and ready-mixed concrete. The company has four segments: Aggregates, which produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services; Asphalt, which produces and sells asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee and Texas, and includes asphalt construction paving in Alabama, Tennessee and Texas; Concrete, which produces and sells ready-mixed concrete; and Calcium, which consists of a Florida facility that mines, produces and sells calcium products.
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