Vulcan Materials names next CFO

Wood

Vulcan Materials Co. named Suzanne Wood senior vice president and CFO, effective Sept. 1.

Wood will succeed John McPherson, the company’s 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 will remain with Vulcan as chief strategy officer until the end of 2018.

“Vulcan has benefitted tremendously from John’s counsel and leadership over the years and we appreciate John’s 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 Vulcan’s 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 company’s revenues, profits and market value all increased significantly, while debt leverage declined. We look forward to her contributions to Vulcan’s future success.”

Prior to becoming CFO of Ashtead, a role in which she served from 2012 to 2018, Wood was executive vice president and CFO of Sunbelt Rentals, the North American subsidiary of Ashtead comprising nearly 90 percent of its revenues.