Steve Rowley, chief executive of Eagle Materials is to retire at the end of this fiscal year, March 31.
Dave Powers, executive vice president for Gypsum Wallboard at Eagle since 2005, will become president and chief executive.
The stock decreased 4.32% or $2.14 during the last trading session, hitting $47.42. About 694,032 shares traded hands. Eagle Materials, Inc. (NYSE:EXP) has declined 36.87% since June 18, 2015 and is downtrending. It has underperformed by 26.76% the S&P500.