David P Steiner newest Vulcan board member

Vulcan Materials Co elected David P Steiner to its board of directors with immediate effect.

Last November, Mr Steiner resigned as CEO of Waste Management. He currently served on the board of directors of FedEx Corp.

"We are extremely pleased to welcome David to the Board. He brings to Vulcan a wealth of expertise in business operations, land management, transportation and logistics, financial management and strategic planning," Vulcan Chairman and CEO, J Thomas Hill, said in a statement.

Vulcan also announced that Elaine L Chao has stepped down from the Board after being confirmed by the US Senate to serve as US Secretary of Transportation. Secretary Chao joined Vulcan's board in February 2015.