Martin Marietta Materials appointed Michael J. Petro as senior vice president and chief financial officer, effective immediately. Petro most recently served as senior vice president of strategy and development.
He succeeds Robert J. Cardin, who has been serving as the company’s interim CFO since April. Cardin returns to his primary duties as senior vice president, controller and chief accounting officer.
Since joining Martin Marietta in 2015, Petro has played a key role in formulating and executing its strategic growth initiatives including through his work on successful portfolio-enhancing transactions that have greatly expanded Martin Marietta’s geographic footprint and improved the company’s product mix.
“On behalf of the board and management team, I am pleased to announce Michael’s promotion to chief financial officer,” said Ward Nye, chair and CEO of Martin Marietta. “Michael’s work both on and leading our Strategy and Development team over the past 10 years has meaningfully contributed to our company’s success. With his proven track record of delivering results and creating value, and his demonstrated leadership capabilities, we are confident Michael is the right person to lead our finance organization forward.”
