In recent business news, Martin Marietta Materials, Inc. (MLM) has announced that a new independent director was recently elected to their Board of Directors. At the Annual Meeting of Shareholders in May, Donald (Don) W. Slager was elected to their Board of Directors. Don Slager is the President and CEO of Republic Services, Inc. and is also a member of their Board of Directors. Republic Services is an industry leader in American recycling with approximately $9 billion in revenues. They have a vast array of operations including collection companies, transfer stations, landfills and recycling centers and more. Don Slager also serves on Martin Marietta’s Finance Committee and Ethics, Environment, Safety and Health Committee.
Another independent director was elected to the Board of Directors for Martin Marietta Materials, Inc. He is John J. Koraleski, the former Chairman of the Board of Directors and CEO of Union Pacific Corporation (UNP). He was the Executive Chairman of the Board of Directors for Union Pacific from February 2015 until he retired in September of that year. Union Pacific operates railroads that connect 23 states in the western area of the US by rail
As C. Howard (Ward) Nye, the Chairman, President and Chief Executive Officer of Martin Marietta said,
“We are excited to welcome Jack Koraleski and Don Slager to Martin Marietta’s Board of Directors. They are both experienced chief executives who are well-versed in corporate governance matters and whose strategic insights will be invaluable in helping Martin Marietta continue to deliver good results to its shareholders. In addition, their deep knowledge of logistics, transportation, land use, as well as a strong focus on safety and environmentally responsible businesses, will enable each of them to make a very meaningful contribution to the Board. We are extremely pleased to have people of Jack’s and Don’s caliber and expertise join the Martin Marietta Board and believe they are each going to make an important and positive impact on our company, its employees, customers and shareholders