Eagle Materials announced yesterday that the company's President and CEO, Steve Rowley (62) has decided to retire as an officer and director of the company effective the end of this fiscal year, 31 March 2016. Mr Rowley has provided 25 years of continuous service to the company and its stockholders.

Dave Powers, executive vice president for Gypsum Wallboard at Eagle since 2005, will succeed Steve as President and CEO on 31 March, and will then also be appointed to the Board of Directors.