Vulcan Materials initiates CFO succession plan

Vulcan Materials has appointed Suzanne Wood senior vice president and chief financial officer (CFO), effective 1 September 2018. She will succeed executive vice president, chief financial and strategy officer Jon McPherson and report to chairman and CEO Tom Hill.

McPherson will serve in his current capacity until the end of August and will remain chief strategy officer until the end of the year.

Tom Hill, chairman and CEO, says: “We are very grateful for John’s dedicated service to the Company. At the same time, we understand the challenges of splitting his time between his home in Dallas and Vulcan’s headquarters in Birmingham, and his desire to spend more time with his family.”

Wood is also currently on the board of directors and Audit committee of Relx group, a FTSE 50 global professional information and analytics company.

She was previously CFO of Ashtead, a FTSE 50 international equipment rental company serving the construction industry and other markets.

From 2012 to 2018, Wood served as group finance director and CFO of Ashtead Group.

“Vulcan is well positioned for years to come, and we remain focused on continuing to grow cash flow and margins, as we benefit from the ongoing strength of private construction in our markets, growing spending across the public sector, and the outstanding performance of our sales and operating teams, Hill adds.



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