Summit Materials president, CEO to step down

Hill

Tom Hill announced plans to step down as Summit Materials president and CEO and as a member of the company’s board of directors, effective Sept. 1.

Hill will serve as a senior advisor through the end of 2020, and he’ll transition into a consulting role starting in 2021.

“Serving this company alongside all of our talented team members has been the greatest privilege and the highlight of my professional career, and I am extremely proud of all that we have accomplished,” Hill says.

Anne Noonan, who most recently served as the president and CEO at Omnova Solutions, will succeed Hill as president and CEO. She’ll also serve as a member of the company’s board.

“I believe that now is the right time for the company to transition to its next leader, and I have great confidence in Anne, the strength of our team and the opportunities ahead,” Hill says. “I look forward to working closely with Anne over the next few months, and for Summit’s continued success for many years to come.”

Hill founded Summit in 2009. As Howard Lance, Summit’s chairman of the board, describes, Summit transformed under Hill’s guidance from a small, private construction company into a public company with annual net revenues of $2 billion.

“On behalf of the entire board, I would like to thank Tom for his visionary leadership, commitment and contributions to the company since its inception,” Lance says.

About Noonan

According to Summit, Noonan brings more than 30 years of senior leadership experience at publicly traded materials companies. In overseeing Omnova Solutions from November 2016 through January 2020, Noonan steered a $760 million global producer of emulsion polymers, specialty chemicals and decorative and functional surfaces.

“As Summit moves into its next phase of growth, we could not be more excited about appointing a CEO of Anne Noonan’s caliber to lead us forward,” Lance says. “Anne brings with her to Summit proven leadership credentials and a strong track record. We are confident in Anne’s ability to take Summit to new heights and look forward to welcoming her to the team.”