Jim Nickolas, executive vice president and CFO of Martin Marietta, resigned last week.
Martin Marietta shared the development in an organizational announcement.
Bob Cardin was appointed interim CFO, reporting to chair and CEO Ward Nye. Cardin will also continue to serve Martin Marietta as senior vice president, controller and chief accounting officer.
Martin Marietta initiated a search process of internal and external candidates to identify its next CFO.
Nickolas, who served Martin Marietta for nearly eight years, is joining CNH as CFO. Martin Marietta says Nickolas pursued the new position as a means to move his family back to their hometown.
“Over the course of his Martin Marietta tenure, Jim has been an integral member of the executive leadership team and a valued colleague,” Nye says in written remarks. “With his deep financial acumen, he has played a key role in responsibly growing the business through strategic acquisitions and organic capital investments while maintaining a strong balance sheet and investment-grade credit rating. I thank him for his meaningful contributions, including the development of the talent in our finance organization that has supported the company in both growing and maintaining our position as a market-leading supplier of aggregates.
“In his resignation, Jim underscored that working alongside our capable and dedicated team was a career highlight, and that he has the utmost faith in Martin Marietta’s future and is confident the best is yet to come as our teams continue to execute our proven strategy for the benefit of our stakeholders,” Nye adds.
Over the last year, Nickolas served as board chair of the National Stone, Sand & Gravel Association (NSSGA).
Related: Nickolas offers P&Q exclusive visit as he takes over as NSSGA board chair (2024)
