The board of directors at Vulcan Materials Company has named Thomas Hill as its new president and CEO. He has also been elected as the company's newest board member.
In his new role, Hill will take the place of Donald James, who will remain on board as executive chairman. Hill was most recently serving as EVP and COO.
"Having successfully navigated the worst downturn in our industry's history, now is the right time to put in place our new leadership team, led by Tom, to guide the company and expand our market leadership in the industry," said James. "Tom has been a tremendous asset to our company over the years, particularly as we successfully enhanced Vulcan's profitability and financial strength during the market downturn and positioned the company for strong performance during the recovery. Tom is a proven leader with vast operational and industry experience and superlative management skills. He is the right person at the right time to lead our company forward in its next phase of growth."
Hill has been with the company for over 24 years. Beyond his most recent role as EVP and COO, he also served as SVP of Vulcan's South Region, president of former Florida Rock Division and president of the Southwest Division.
Vulcan also promoted EVP and CFO John McPherson to EVP, chief financial and strategy officer, in which role he will take on the added responsibility of the company's human resources functions.
Additionally, Cynthia Hostetler has been elected to the board of directors, replacing Phillip Farmer, who is retiring from the board.