Vulcan Materials announced the retirement of Donald M. James as the company’s Non-Executive Chairman and Vulcan’s Board of Directors. He will retire on December 31, 2015.
Replacing James will be J. Thomas Hill, who is currently Vulcan’s President and Chief Executive Officer.
James has served in many positions throughout the years. He served as president of Vulcan Materials from 1996 to 1997 before moving to become Chief Executive Officer. He has served on the company’s Board of Directors since 1996.
In a press release, Vulcan’s Lead Director James T. Prokopanko said,
"Don has led Vulcan Materials as the largest aggregates supplier in the U.S. for 18 years, significantly expanding its operations throughout the nation. During that time, he has guided Vulcan through periods of strong growth as well as difficult market downturns, always with a keen eye on customer service, creating opportunities for employees and building sustainable, long term value for shareholders. In particular, the actions taken by Don and the management team in recent years to increase operational efficiency, de-risk the balance sheet and maintain disciplined growth have positioned Vulcan to deliver increasingly stronger returns. On behalf of the board, I thank Don for his invaluable service to Vulcan and wish him all the best in his future endeavors."
To read the full announcement, click here.