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8-K - Vulcan Materials CO | v207270_8k.htm |
Exhibit 99.1
DATE: January
4, 2011
FOR
IMMEDIATE RELEASE
Media
Contact: David Donaldson (205) 298-3220
Investor
Contact: Mark Warren (205) 298-3220
VULCAN
MATERIALS COMPANY ANNOUNCES
CORPORATE
OFFICER PROMOTIONS
Birmingham,
Ala. - Vulcan Materials Company (NYSE: VMC) today announced senior management
changes to be effective February 1, 2011.
Vulcan’s
Board of Directors elected Danny R. Shepherd (59) to the position of Executive
Vice President – Construction Materials and Daniel F. Sansone (58) to the
position of Executive Vice President and Chief Financial Officer. Mr.
Shepherd has more than 25 years of experience with the company and is currently
Senior Vice President – East. Mr. Sansone joined Vulcan in 1988 and
is currently Senior Vice President and Chief Financial Officer.
Following
the previously announced, February 1, 2011 retirement of Ron McAbee, Senior Vice
President – West, Mr. Shepherd will have responsibility for all of Vulcan’s
operating divisions and the Corporate Construction Materials functions that
support division operations.
In
addition to continuing as Vulcan’s Chief Financial Officer, Mr. Sansone will
assume responsibility for the Marketing Support Services department and oversee
the business development and strategic planning functions.
Commenting
on the promotions, Don James, Vulcan’s Chairman and Chief Executive Officer
stated, “Danny Shepherd and Dan Sansone have long been key members of our senior
management team. As we continue to streamline our organizational
structure, I am pleased to have these two executives with the experience and
proven track record of success to assume additional
responsibilities.”
Vulcan
Materials Company, a member of the S&P 500 index, is the nation's largest
producer of construction aggregates, a major producer of asphalt mix and
concrete and a leading producer of cement in Florida.
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