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Nicolais, Haack to lead Eagle Materials post-split namesake business

Sources: Eagle Materials Inc., Dallas; CP staff

Eagle Materials directors have taken a key step toward the mid-year separation of the cement- and gypsum wallboard-centered Heavy and Light Materials businesses into independent, New York Stock Exchange-traded companies. Leading the Heavy Materials business, operating as Eagle Materials, will be current Chairman Mike Nicolais and President and Chief Executive Officer Michael Haack. The Light Materials business, operating as American Gypsum Company, will be led by Chairman Dave Powers, former Eagle Materials CEO and current director, and President and CEO Craig Kesler, current chief financial officer. 

Read more: Nicolais, Haack to lead Eagle Materials post-split namesake business

Pruitt to succeed U.S. Concrete CEO Sandbrook

Sources: U.S. Concrete Inc., Euless, Texas; CP staff

William J. Sandbrook has notified fellow U.S. Concrete directors of his intention to retire from his chief executive officer and chairman posts in April and May, respectively. He will stand for reelection as a director at the May annual meeting of stockholders and enter a one-year consulting agreement with the board. Succeeding him in the CEO capacity, effective April 3, will be Texas Industries and Martin Marietta Materials veteran Ronnie Pruitt, who joined U.S. Concrete in 2015 as senior vice president and chief operating officer and was named president in April 2019. 

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Slag cement shipments continue growth trajectory

Source: Slag Cement Association, Farmington Hills, Mich.

Slag cement shipments remain on the rise, as 2019 saw a 10.8 percent increase over 2018 totals; marked a fourth consecutive year of double-digit percentage growth; and, capped a five-year period in which deliveries across the United States climbed from 2.43 million to 3.82 million metric tons.

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Capital Precast aligns with Texas equity fund

Source: Pinecrest Capital Partners, Dallas

Capital Precast Inc. of San Marcos, Texas, has been recapitalized by Texas Next Capital, an Austin-based equity fund. Pinecrest Capital Partners served as financial advisor to the producer of concrete storm or sanitary sewer structures, electrical or communications vaults, and other utility precast.

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Safety survey: Worker involvement, supervisor leadership drive metrics

Sources: Dodge Data & Analytics, New York; CP staff

The latest Safety Management in the Construction Industry SmartMarket Report reinforces prior series findings on the high priority of accident prevention while placing new emphasis on the importance of supervisors’ onsite actions and leadership in promoting safety. Prepared with participation from CPWR – Center for Construction Research and Training plus information technology developer Procore, the report reflects findings from biennial Dodge Data & Analytics contractor surveys. 

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