Martin Marietta Elects New Director
May 15 2020 - 4:06PM
Martin Marietta Materials, Inc. (NYSE: MLM) today announced that a
new independent director was elected to its Board of Directors at
its Annual Meeting of Shareholders. David C. Wajsgras served as
president of the Intelligence, Information and Services business of
the former Raytheon Company, now part of Raytheon Technologies
Corporation (NYSE: RTX). Previously, he served as Raytheon’s senior
vice president and chief financial officer.
Mr. Wajsgras fills the seat previously held by
Stephen P. Zelnak, Jr., who reached the mandatory retirement age
provided in Martin Marietta's Bylaws. Mr. Zelnak was ineligible for
election at the 2020 Annual Meeting of Shareholders and retired
after 27 years of Board service.
C. Howard Nye, Chairman, President and Chief
Executive Officer of Martin Marietta, stated, "We are excited to
welcome Dave to Martin Marietta's Board of Directors. He is an
experienced public company executive who is well-versed in
financial and operating matters, technology transformation, and
corporate governance. Dave’s expertise will provide us with
valuable insight on matters critical to our business."
"On behalf of our Board and shareholders, I
extend our collective heartfelt thanks and sincere appreciation to
Steve Zelnak for the decades of service and insights he
provided to our company. Steve always gave generously of his time
and consistently provided thoughtful judgment, advice and more –
all of which were invaluable to Martin Marietta’s success."
With the addition of Mr. Wajsgras and retirement
of Mr. Zelnak, Martin Marietta's ten-member Board of Directors
consists of nine outside independent directors, six of whom have
joined since 2016.
About Martin Marietta
Martin Marietta, a member of the S&P 500
Index, is an American-based company and a leading supplier of
building materials, including aggregates, cement, ready mixed
concrete and asphalt. Through a network of operations spanning 27
states, Canada and The Bahamas, dedicated Martin Marietta teams
supply the resources necessary for building the solid foundations
on which our communities thrive. Martin Marietta’s Magnesia
Specialties business provides a full range of magnesium oxide,
magnesium hydroxide and dolomitic lime products. For more
information, visit www.martinmarietta.com or
www.magnesiaspecialties.com.
Investor Contact: Suzanne
OsbergVice President, Investor Relations(919)
783-4691Suzanne.Osberg@martinmarietta.com
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