Martin Marietta’s Lloyd to retire; successor named

Anne Lloyd

Anne Lloyd, executive vice president and CFO of Martin Marietta Materials Inc., announced plans to retire.

Lloyd will remain with the company through September to ensure a smooth transition, Martin Marietta says.

“For the last 12 years, Anne has played an integral role in helping Martin Marietta deliver exceptional returns to our shareholders as we executed our strategic plan,” says Ward Nye, chairman, president and CEO of Martin Marietta. “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.”

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.

The company’s board of directors identified James Nickolas as Lloyd’s successor, effective in August. Nickolas, who most recently led the Corporate Development group at Caterpillar Inc., will serve as senior vice president and CFO. He will report to Nye.

Nickolas, 46, previously served as group CFO of the Resources Industries segment and the Global Mining division of Caterpillar.

“We are excited about Jim joining Martin Marietta,” Nye says. “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.”