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Lafarge, Holcim select managers for executive board
Lafarge and Holcim each plan to contribute five managers to an executive board after the two companies complete their merger. Lafarge and Holcim say that Bruno Lafont, Lafarge CEO, and Thomas Aebischer, Holcim finance chief, will lead the executive board. Lafarge says that Jean-Jacques Gauthier, Eric Olsen, Saad Sebbar and Gerard Kuperfarb will join the executive committee from its company. Holcim says that Roland Koehler, Ian Thackwray, Alain Bourguignon and Urs Bleisch will join the executive committee from its company. Keep Reading
Former Vulcan Materials CEO to retire
Vulcan Materials Co. announced that Don James, executive chairman of its board of directors, plans to retire on Jan. 15. The company says that James will serve as a non-executive chairman now that he is no longer a Vulcan employee. James led Vulcan Materials as its CEO from 1997 to 2014. James also served on the company’s board of directors since 1996. Tom Hill succeeded James as the company’s CEO midway through 2014. “Our new management team is now in place and functioning at a high level,” James says. “The company's financial and operational performance has continued to improve as demand for our construction materials recovers across all of our markets.” Keep Reading
Firm: November year’s strongest month for nonresidential building plans
The Dodge Index, a monthly measure of the first report for nonresidential building projects in planning, increased 13 percent in November from the previous month, according to Dodge Data & Analytics. The November increase brings the momentum index to 143, up from 127 in October. Dodge Data & Analytics reports that November was its strongest month so far in 2014. Residential building slowed in 2014 because of the decrease in single-family housing, but Dodge Data & Analytics adds that both the nonresidential building and nonbuilding construction sectors had increased business in November. The nonresidential building sector rose 32 percent, and the nonbuilding construction sector rose 22 percent in November. According to Dodge Data & Analytics, nonresidential building had a stronger month because of several large projects, including two massive manufacturing plants and an airport terminal redevelopment. The commercial side of nonresidential building is also growing at a moderate pace, supported by greater investor interest, the company says. Keep Reading
