DENVER, Jan. 17,
2024 /PRNewswire/ -- Summit Materials,
Inc. (NYSE: SUM, "Summit" or the "Company") is pleased to
announce the appointment of Jorge Mario
Velasquez, Irene Moshouris,
and Juan Esteban Calle to the Summit
Materials Board of Directors, effective January 12, 2024. Following these appointments,
and together with the retirement of John
Murphy, the Board consists of 11 directors, 10 of whom are
independent.
"We are delighted to welcome an experienced and accomplished set
of new board members to the Summit Materials board," said
Howard Lance, chairman of Summit
Materials. "Their individual strengths and unique backgrounds
together with a shared commitment to our mission and values will be
invaluable as we integrate Argos USA into the Summit family and press forward
with our next phase of growth and value creation."
Jorge Mario Velasquez has served
as president of Grupo Argos, an infrastructure holding company in
the Americas since 2016. Grupo Argos is a leader in the cement
business through its subsidiary Cementos Argos, which, together
with affiliates, is a 31% owner of Summit Materials. Mr. Velasquez
began his career at Argos in 1983 and has held positions of
increasing responsibility within the organization including an
outstanding career as president of Cementos Argos, leading their
business across 15 countries. He is currently a senior member of
the board of directors of Cementos Argos, Celsia, Odinsa, Fundación
Grupo Argos, Proantioquia, and the Superior Council of the EIA
University. Mr. Velasquez will serve on the Company's Governance
and Sustainability Committee.
Irene Moshouris was with United
Rentals, Inc. for 17 years, most recently as senior vice president
and treasurer, before retiring in 2023. During her distinguished
tenure, Ms. Moshouris played a key executive role helping to
complete approximately 25 acquisitions that transformed the company
into a leading mega-cap industrials entity. Prior to United
Rentals, she served in finance management roles with Avon Products
and GTE Corp. Ms. Moshouris has a bachelor's degree in accounting
and economics from Queens College, a
Master of Laws degree in tax law and taxation from New York University School of Law, and a juris
doctor degree from Brooklyn Law School. Ms. Moshouris will serve on
the Company's Audit Committee.
Juan Esteban Calle, CEO of
Cementos Argos S.A for the prior 8 years was instrumental to the
combination between Summit and Argos USA. Prior to his current role, Mr. Calle
served as the General Manager of the multi-utility company EPM of
Medellín, leading the successful transformation of Grupo EPM, and
implementing a growth strategy in both local and international
markets. With a background as a Senior Investment Banking Associate
at Chase Manhattan Bank in New
York, founding partner of Metrix Finanzas in Bogota, Secretary of the Treasury of the
Department of Antioquia, Director of Foreign Investment at the
ProColombia Office in Canada, and
an Investment Advisor at the Bank of Montreal, Mr. Calle's career reflects a
strategic vision and leadership across various sectors, showcasing
his financial acumen and international expertise. He holds a degree
in Business from EAFIT University, and an MBA with a focus on
Finance and Economics from the University of
Chicago Booth School of Business. Mr. Calle Restrepo will
serve on the Company's Human Capital and Compensation
Committee.
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.
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.