Martin Marietta Materials, Inc announced that Anne H Lloyd will retire as executive vice president and chief financial Officer of the company, effective mid-August, 2017. Ms Lloyd will remain with the company through September to ensure a smooth transition.

The Board of Directors has identified James A J Nickolas as Ms Lloyd's successor, effective in mid-August. He will serve as Senior Vice President and Chief Financial Officer and will report to C Howard (Ward) Nye, Chairman, President and CEO. Mr. Nickolas most recently led the Corporate Development group at Caterpillar Inc, and previously served as Group Chief Financial Officer of the Resources Industries segment and the Global Mining division of Caterpillar.

Ms Lloyd, 56, joined Martin Marietta in 1998 as Vice President and Controller. She was named Chief Accounting Officer in 1999 and was promoted to CFO in 2005. She was named Executive Vice President in 2009. As CFO, she has led the financial areas of Martin Marietta, including financial reporting, accounting, internal audit, investor relations, tax and treasury.