DENVER, Jan. 18,
2024 /PRNewswire/ -- Summit Materials,
Inc. (NYSE: SUM, "Summit" or the "Company"), a leading
construction materials solutions provider, today announces that
Jason Kilgore, Charles DePriest, and David Loomes will serve as Executive Vice
Presidents of Summit Materials' reporting segments effective
January 12, 2024
"As we undertake the integration of the Argos USA assets and accelerate our strategic
progress portfolio-wide, I am pleased to have a distinguished and
proven team that will lead our reporting segments," said
Anne Noonan, President and CEO of
Summit Materials. "Under the guidance of Jason, Charles, and David,
I am extremely confident our organization will be aligned and
motivated to advance our business both strategically and
financially. Their extensive industry expertise, coupled with a
strong commitment to developing our people is the exact recipe for
fostering a values-driven, high-performance organization. With the
full executive leadership team now in place, we firmly believe we
have a unique opportunity to deliver on each of our financial
commitments and generate superior value creation for Summit
shareholders, employees, and all stakeholders."
Jason Kilgore will serve as the
Executive Vice President of Summit's West Segment. With an
extensive career spanning over 30 years in the construction
materials industry, Jason Kilgore
has been a cornerstone of Summit Materials' leadership for nearly
15 years. Jason is a seasoned executive who embodies and advances
Summit's vision and values. In 2000, Jason founded Kilgore Paving,
transforming it from a single pickup truck and a 600-gallon tank on
a trailer into a thriving full-service asphalt paving business with
a focus on aggregates and construction. After Kilgore Companies was
acquired by Summit in 2010, Jason served as President of the
Company's West Region, encompassing key markets such as
Salt Lake City, British Columbia, and more recently
Phoenix. Instrumental to the
company's M&A approach, Jason has led strategic bolt-on and
platform acquisitions in high-growth markets. Jason's financial
acumen, coupled with his commitment to excellence, has played a
pivotal role in Summit Materials' continued success. He holds a
finance degree from the University of
Utah.
Charles DePriest will serve as
the Executive Vice President of Summit's East Segment. He brings
more than 25 years of extensive experience in finance, operations,
and executive leadership to his role. In 2016, Charles co-founded
Georgia Stone Products, a reputable construction materials producer
in Georgia. Georgia Stone Products
was acquired by Summit Materials in 2017 and has emerged as a
cornerstone component in Summit's greenfield growth strategy.
Charles's tenure with Summit has been defined by visionary
leadership, driving transformative initiatives in alignment with
the Summit Elevate Strategy. His previous roles at Summit include
East Region CFO, Leader of Enterprise Standardization, and Central
Region President. Before joining Summit, Charles spent 16 years at
Vulcan Materials Company, progressing through finance and
operational ranks in Vulcan's
Southeast business. A veteran of the US Army, Charles holds a
Bachelor of Professional Accountancy from Mississippi State University, an MBA from
Mercer University, and is an active CPA
and Chartered Global Management Accountant. Charles currently
serves on the Georgia Department of Natural Resources board.
David Loomes will serve as
Executive Vice President of Cement with responsibility for the full
cement portfolio. David has been instrumental in the implementation
of comprehensive performance improvement and growth initiatives at
Continental Cement Company (CCC), a Summit Materials subsidiary.
During his tenure at CCC, David has prioritized improving supply
chain performance, elevating overall Commercial Excellence
capabilities while also leading Summit's decarbonization efforts.
Under David's leadership, CCC was the first US cement company to
fully convert all cement production to lower carbon, Portland
Limestone Cement and David is responsible for driving key growth
projects including the Davenport Storage Dome, the largest of its
kind in North America. CCC and
Green America Recycling have enhanced their safety record, boosted
employee engagement, and consistently achieved exceptional
financial outcomes under David's leadership. David will also have
responsibility alongside other Integration Management Office (IMO)
leadership to manage the integration of the Argos USA Cement assets. David joined Summit in 2020
with previous Senior Vice President roles with Holcim,
LafargeHolcim and Suffolk Construction. David has served various
industry groups, including the PCA, NRMCA, and CIM, and presently
holds a position on boards of The Portland Cement Association and
the American Concrete Paving Association.
About Summit Materials, Inc.
Summit Materials is a market-leading producer of aggregates and
cement with vertically integrated operations that supply ready-mix
concrete and asphalt in select markets. Summit is a geographically
diverse, materials-led business of scale that offers customers in
the United States and British Columbia, Canada high quality products
and services for the public infrastructure, residential and
non-residential end markets. Summit has a strong track record of
successful acquisitions since its founding and continues to pursue
high-return growth opportunities in new and existing markets. For
more information about Summit Materials, please visit
www.summit-materials.com.
Cautionary Note Regarding Forward-Looking Statements
This communication includes "forward-looking statements" within
the meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include all statements
that do not relate solely to historical or current facts, and you
can identify forward-looking statements because they contain words
such as "believes," "expects," "may," "will," "outlook," "should,"
"seeks," "intends," "trends," "plans," "estimates," "projects" or
"anticipates" or similar expressions that concern our strategy,
plans, expectations or intentions. All statements made relating to
our estimated and projected earnings, margins, costs, expenditures,
cash flows, growth rates and financial results are forward-looking
statements. Such forward-looking statements include but are not
limited to statements about the integration of the Argos
USA assets, acceleration of our
strategic progress, and other statements that are not historical
facts. These forward-looking statements are subject to risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. We derive many of our forward-looking
statements from our operating budgets and forecasts, which are
based upon many detailed assumptions. While we believe that our
assumptions are reasonable, it is very difficult to predict the
effect of known factors, and, of course, it is impossible to
anticipate all factors that could affect our actual results. In
light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that the results or conditions described in such
statements or our objectives and plans will be realized. Important
factors could affect our results and could cause results to differ
materially from those expressed in our forward-looking statements,
including but not limited to the factors discussed in the section
entitled "Risk Factors" in Summit's Annual Report on Form 10-K for
the fiscal year ended December 31,
2022, as filed with the SEC, and any factors discussed in
the section entitled "Risk Factors" in any of our subsequently
filed SEC filings. All subsequent written and oral forward-looking
statements attributable to us, or persons acting on our behalf, are
expressly qualified in their entirety by these cautionary
statements. Any forward-looking statement that we make herein
speaks only as of the date of these materials. We undertake no
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or
otherwise, except as required by law.
Contact Information
Andy Larkin
VP, Investor Relations
Summit Materials, Inc.
andy.larkin@summit-materials.com
720-618-6013
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SOURCE Summit Materials, Inc.