Eagle Materials CEO retiring, successor named

Powers

Eagle Materials CEO Dave Powers plans to retire this summer.

Powers will remain on the Eagle Materials board of directors while Michael Haack, president and COO, will succeed Powers as CEO. Haack joined Eagle as COO in 2014 from Halliburton Energy Services, where he spent 17 years career with operating positions. Haack was named president and COO at Eagle in 2018.

“I look forward to continuing the company’s well-established strategy and leading Eagle to even greater levels of performance,” Haack says. “Our focus on serving and delighting our constituents, including our customers, employees and investors, will remain unrelenting. One of Eagle’s greatest strengths is the caliber of the team at Eagle, and I look forward to working with the team in writing our next chapter of accomplishment.”

Powers spent 40 years in the building materials industry, joining Eagle, which was previously Centex Construction Products, in 2002. In 2005, Powers was promoted to executive vice president for Gypsum. He became president and CEO of Eagle in 2016.

“Michael has been instrumental in building upon the company’s enviable low-cost positions and sustainable advantages, particularly as they relate to the scale of operations that Eagle represents today,” says Rick Stewart, Eagle’s chairman of the board. “We are also enormously grateful for the innumerable contributions Dave has made to the company during his tenure, and are delighted we will be able to retain the benefit of his perspectives as a board member.”

Eagle Materials manufactures and distributes concrete, sand and aggregate, as well as Portland cement, gypsum wallboard and recycled gypsum paperboard from more than 75 facilities across Eagle’s U.S. corporate headquarters in Dallas.