Vulcan’s James retiring at year’s end

By |  December 14, 2015

Vulcan Materials Co. announced that Don James will retire as the company’s non-executive chairman and from the board of directors, effective at the end of 2015. Tom Hill, Vulcan’s president and CEO, will succeed James as chairman.

“Don has led Vulcan Materials as the largest aggregates supplier in the U.S. for 18 years, significantly expanding its operations throughout the nation,” says James T. Prokopanko, Vulcan’s lead director. “During that time, he has guided Vulcan through periods of strong growth as well as difficult market downturns, always with a keen eye on customer service, creating opportunities for employees and building sustainable, long-term value for shareholders.

“In particular, the actions taken by Don and the management team in recent years to increase operational efficiency, de-risk the balance sheet and maintain disciplined growth, have positioned Vulcan to deliver increasingly stronger returns.”

James, 66, served as Vulcan’s president from 1996 to 1997 and as CEO from 1997 to 2014. He has served on the company’s board of directors since 1996 and was named chairman in 1997. James was named non-executive chairman in January 2015.

“With the building materials market continuing to expand, the enactment of a new multi-year federal highway program and the company performing exceptionally well, now is the right time to complete the succession process we began a number of years ago that resulted in Tom Hill becoming CEO in 2014” James says. “Our management team, under the leadership of Tom, along with the executive leadership team of John McPherson, Stan Bass and Michael Mills, is executing skillfully on the company’s strategic plan and delivering strong growth and increased profitability.”

Hill has been with Vulcan for more than 25 years, serving in a variety of operations and general management assignments, the company says.

“Vulcan is a great business with strategic market positions in the largest, fastest-growing metropolitan areas across the country, extensive and unmatched aggregates reserves, and a strong financial position,” Hill says. “I look forward to continuing to work with the board and the Vulcan leadership team to deliver on the company’s strategic goals and to continue to enhance its strong strategic position for the benefit of the company and its shareholders.”

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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