Martin Marietta Announces Chief Financial Officer Transition
June 22 2017 - 2:00PM
Business Wire
Martin Marietta Materials, Inc. (NYSE: MLM) announced today that
Anne H. Lloyd will retire as Executive Vice President and Chief
Financial Officer of the company, effective mid-August, 2017. Ms.
Lloyd will remain with the company through September to ensure a
smooth transition.
The Board of Directors has identified James A. J. Nickolas as
Ms. Lloyd’s successor, effective in mid-August. He will serve as
Senior Vice President and Chief Financial Officer and will report
to C. Howard (Ward) Nye, Chairman, President and CEO. Mr. Nickolas
most recently led the Corporate Development group at Caterpillar
Inc., and previously served as Group Chief Financial Officer of the
Resources Industries segment and the Global Mining division of
Caterpillar.
Mr. Nye stated, “For the last twelve years, Anne has played an
integral role in helping Martin Marietta deliver exceptional
returns to our shareholders as we executed our strategic plan. She
has been instrumental in managing the company’s balance sheet in a
manner that allowed us to sensibly and successfully pursue
value-enhancing organic and external growth opportunities. We
deeply appreciate Anne’s innumerable contributions to the company,
including the key role she has played in positioning Martin
Marietta for continued growth and value creation. On behalf of the
Board of Directors, management team and all employees, I wish her
all the best and thank her for her commitment to working closely
with Jim to achieve a seamless transition.”
Ms. Lloyd, 56, joined Martin Marietta in 1998 as Vice President
and Controller. She was named Chief Accounting Officer in 1999 and
was promoted to CFO in 2005. She was named Executive Vice President
in 2009. As CFO, she has led the financial areas of Martin
Marietta, including financial reporting, accounting, internal
audit, investor relations, tax and treasury.
Mr. Nye continued, "We are excited about Jim joining Martin
Marietta. He brings valuable expertise to the already strong senior
leadership team, including deep knowledge of financial management,
mining and materials, and M&A execution and integration. We
look forward to working closely with him to leverage his energy and
talents to further enhance our performance and extend our
track-record of superior shareholder value creation."
About James A. J. Nickolas
Mr. Nickolas, 46, has held finance, accounting, tax and M&A
leadership roles for more than fifteen years. He will join Martin
Marietta from Caterpillar Inc., the world’s leading manufacturer of
construction and mining equipment, diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives, where he
currently serves as the head of Corporate Development. Previously,
as Group Chief Financial Officer of Caterpillar’s Resources
Industries segment, which had group revenues of $6 billion focused
on the manufacture and sale of mining equipment, Mr. Nickolas was
responsible for financial planning and reporting, internal
controls, compliance and M&A activity. Prior to that, he served
as Group Chief Financial Officer of Caterpillar’s Global Mining
business unit, where he also managed the internal audit and
treasury functions. Before joining Caterpillar in 2008, Mr.
Nickolas was Executive Director at J.P. Morgan Securities Inc.,
where he worked on originating and executing debt and equity
capital raising and mergers and acquisitions. Mr. Nickolas began
his professional career as a Certified Public Accountant at Coopers
& Lybrand where he was a senior tax associate. He holds a BS
degree in Accounting from the University of Illinois at
Urbana-Champaign and both an MBA in Finance and a JD degree from
the University of Chicago.
About Martin Marietta
Martin Marietta is an American-based company and a leading
supplier of building materials, including cement, ready mixed
concrete and asphalt. Through a network of operations spanning 29
states, Canada, The Bahamas, and the Caribbean
Islands, dedicated Martin Marietta teams supply the resources
necessary for building the solid foundations on which our
communities thrive. Martin Marietta's Magnesia Specialties business
provides a full range of magnesium oxide, magnesium hydroxide and
dolomitic lime products. For more information,
visit www.martinmarietta.com or www.magnesiaspecialties.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170622006000/en/
Investor:Martin Marietta Materials, Inc.Dana Guzzo,
919-783-4540Senior Vice President and
CAODana.Guzzo@martinmarietta.com
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