Commenting on these changes, Don James, Chairman and Chief Executive Officer, observed, “This regional structure better aligns our organization with the way in which our businesses actually operate. In the East Region, decisions relating to production, transportation and distribution must be made on a regional basis as material from our water and rail-based quarries increasingly serves multiple markets throughout the Region. Our aggregates, concrete, cement and transportation assets operate as an integrated regional business and will now be formally managed on that basis throughout the East Region.
“In the West Region, the predominate business model is truck-served quarries, including all six of our underground quarries, supplying local markets. We will continue to build our reserves in key markets in the West, particularly in California where the existing industry reserve base is depleting. In a related effort in both Regions, we will enhance our focus on utilizing our lands, initially for aggregate production, but also for attractive and productive future uses through our long-range reclamation and redevelopment efforts.”
