VULCAN MATERIALS COMPANY ELECTS NEW DIRECTOR

Rhea-AI Summary

Vulcan Materials Company (NYSE: VMC) has appointed Lydia H. Kennard to its Board of Directors, effective immediately. Kennard, who is the President and CEO of KDG Construction Consulting and a founder of KDG Aviation, brings valuable experience in construction management and engineering. She will serve on the Audit and Safety, Health, and Environmental Affairs Committees. With this new election, 11 out of 12 board members are independent directors. Vulcan is a leading supplier of construction aggregates in the U.S., focusing on crushed stone, sand, gravel, asphalt, and ready-mixed concrete.

Positive

• Lydia Kennard brings extensive experience in construction management and engineering.
• Kennard's election strengthens the board with a proven leader and fresh perspectives.

Negative

• None.

Lydia H. Kennard Joins Board of Directors

BIRMINGHAM, Ala., July 11, 2022 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC), the nation's largest producer of construction aggregates, today announced the election of Lydia H. Kennard to its Board of Directors, effective immediately. Ms. Kennard will serve on the Audit and Safety, Health, and Environmental Affairs Committees of the Board. 

Ms. Kennard is the President and CEO of KDG Construction Consulting, a leading provider of construction management services for public infrastructure projects, and Quality Engineering Solutions, a full-service pavement engineering and construction inspection firm. Ms. Kennard is also a founding principal of KDG Aviation, LLC, an operator and developer of general aviation facilities. Ms. Kennard currently serves on the boards of AECOM, Freeport-McMoRan, Inc., and Prologis, Inc. 

"We are privileged to welcome Lydia Kennard to Vulcan's Board of Directors," said Vulcan Materials Company Chairman and CEO, Tom Hill. "Lydia brings to our Board the skills of an accomplished CEO and a proven track record of success. She will add valuable insights to our Board that will be an asset to Vulcan." 

With the addition of Ms. Kennard, Vulcan's twelve-member board consists of eleven independent directors. 

Vulcan Materials Company, a member of the S&P 500 Index with headquarters in Birmingham, Alabama, is the nation's largest supplier of construction aggregates—primarily crushed stone, sand and gravel—and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. For additional information about Vulcan, go to www.vulcanmaterials.com. 

Investor Contact: Mark Warren (205) 298-3220  
Media Contact: Janet Kavinoky (205) 298-3220  

View original content to download multimedia:https://www.prnewswire.com/news-releases/vulcan-materials-company-elects-new-director-301583433.html

SOURCE Vulcan Materials Company

FAQ

Who is Lydia H. Kennard in relation to Vulcan Materials?

Lydia H. Kennard is the newly elected member of the Board of Directors at Vulcan Materials Company.

What committees will Lydia H. Kennard serve on at Vulcan Materials?

Lydia H. Kennard will serve on the Audit and Safety, Health, and Environmental Affairs Committees.

What is the significance of having an independent board?

An independent board ensures unbiased oversight and governance, which is crucial for effective decision-making.

How will Lydia H. Kennard's experience benefit Vulcan Materials?

Kennard's background in construction management and engineering is expected to provide valuable insights and enhance the company's strategic direction.

What is the current composition of Vulcan Materials' Board of Directors?

With the addition of Lydia Kennard, Vulcan Materials' board consists of twelve members, with eleven being independent directors.