Martin Marietta Appoints New Member to Board of Directors
November 09 2020 - 8:20AM
Martin Marietta Materials, Inc. (NYSE:MLM) today announced the
appointment of Anthony R. Foxx as an independent member to its
Board of Directors, effective November 6, 2020. With Mr. Foxx’s
appointment, the Martin Marietta Board is comprised of 11
directors, 10 of whom are independent and six of whom have joined
since 2016. Mr. Foxx will serve on Martin Marietta’s Finance
Committee.
Mr. Foxx is currently chief policy officer and
advisor to the president and chief executive officer of Lyft, which
he joined in October 2018. Prior to joining Lyft, he served as the
seventeenth United States Secretary of Transportation from 2013 to
2017. The Senate confirmed the nomination of Mr. Foxx to the
Secretary of Transportation by a vote of 100-0. During his time as
the Secretary of Transportation, Mr. Foxx led an agency with more
than 55,000 employees and a $70 billion budget, whose primary goal
was to ensure that America maintains the world’s safest, most
efficient transportation system. Under Mr. Foxx’s leadership, the
Department of Transportation (DOT) established a first-ever policy
framework for the safe integration of self-driving vehicles and
leveraged $350 million in public and private funding to demonstrate
how smart technology can change cities and local communities.
Mr. Foxx developed the Obama Administration’s
first surface transportation bill and worked on a bipartisan basis
to get its congressional incarnation, the FAST Act, passed. He
launched the DOT’s first, and the Administration’s most successful,
Smart City Challenge, engaging more than seventy cities to develop
their own strategies to incorporate new technologies into their
transportation networks.
Previously, Mr. Foxx served as the mayor of
Charlotte, North Carolina, from 2009 to 2013. First elected to the
Charlotte City Council in 2005, upon his 2009 mayoral victory he
became the youngest mayor in Charlotte’s history and its second
African-American mayor. Beginning his tenure as mayor while facing
a nearly 13 percent local unemployment rate, Mr. Foxx announced the
creation of more than 4,000 new jobs, worked to reinforce
Charlotte’s role as a critical energy industry hub, saw the
completion of a new runway at Charlotte-Douglas International
Airport, and led a delegation of Charlotte business leaders to meet
with senior White House officials to press for several economic
recovery spending measures.
Ward Nye, Chairman and Chief Executive Officer,
stated, “Our Nominating and Corporate Governance Committee
continues to further diversify and strengthen our Board, ensuring
that we have the right mix of skills and experience to continue
building on Martin Marietta’s long track record of success. We are
extremely pleased to welcome Anthony to the Board. He is highly
accomplished with an outstanding track record and brings unique
knowledge and experience in both the public and private sector to
our Board. We are confident that Anthony will make an important,
positive and lasting impact on our company.”
About Anthony Foxx
In addition to his duties at Lyft, Mr. Foxx, 49,
advises AutoTech Ventures, LLC, a Silicon Valley venture capital
firm that focuses on surface transportation technology, and
Hyperloop One, a new transportation technology inspired by Elon
Musk and Tullco Investors. He received an undergraduate degree from
Davidson College and a law degree from New York University.
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 Osberg
Vice President, Investor Relations (919) 783-4691
Suzanne.Osberg@martinmarietta.com
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