Fly Like an Eagle

May 31, 2019 – Just in time for the weekend, Eagle Materials announced that its long-rumored strategic re-evaluation was over. The envelope, please. The company’s board of directors has approved a plan to separate its Heavy Materials and Light Materials businesses into two independent, publicly traded corporations by means of a tax-free spin-off to Eagle shareholders. The separation is expected to…

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Eagle’s Powers Retires; Haack Promoted

Dave Powers Eagle Materials reported that the company’s CEO, Dave Powers, will retire as an officer of the company effective July 1. He will remain on the Eagle Materials board of directors. Michael Haack, president and COO, will succeed Powers as CEO. This move represents the culmination of a multi-year succession plan and a comprehensive set of transition preparedness steps undertaken…

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