Anne H Lloyd will retire as chief financial officer of Martin Marietta Materials effective mid-August, 2017.
Lloyd will remain with the company through September to ensure a smooth transition.
James A J Nickolas will succeed Lloyd as chief financial officer reporting to chief executive Howard (Ward) Nye.
Nickolas most recently led the corporate development group at Caterpillar and previously served as group chief financial officer of the resources industries segment and the global mining division of Caterpillar.
Nye said: “For the last twelve years, Anne has played an integral role in helping Martin Marietta deliver exceptional returns to our shareholders as we executed our strategic plan. 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. On behalf of the Board of Directors, management team and all employees, I wish her all the best and thank her for her commitment to working closely with Jim to achieve a seamless transition.”
Lloyd, 56, joined Martin Marietta in 1998 as controller, became chief accounting officer in 1999, and chief financial officer in 2005.
Nye said: "We are excited about Jim joining Martin Marietta. 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."
Nickolas, 46, has held finance, accounting, tax and M&A leadership roles for more than fifteen years. He will join Martin Marietta from Caterpillar where he currently serves as the head of corporate development.
Nickolas began his professional career as a certified public accountant at Coopers & Lybrand where he was a senior tax associate. He holds a BS degree in accounting from the University of Illinois at Urbana-Champaign and an MBA in Finance and a JD degree from the University of Chicago.
