Martin Marietta Appoints Michael J. Petro as Chief Financial Officer
Martin Marietta (NYSE:MLM), a leading national supplier of aggregates and heavy building materials, has appointed Michael J. Petro as Senior Vice President and Chief Financial Officer, effective immediately. Petro, who previously served as Senior Vice President of Strategy and Development at Martin Marietta since 2015, replaces Robert J. Cardin, who served as interim CFO since April 2025.
During his tenure at Martin Marietta, Petro has been instrumental in executing strategic growth initiatives and portfolio-enhancing transactions, including acquisitions of Bluegrass Materials, Lehigh Hanson's West Region, Tiller Corporation, Albert Frei & Sons, and Blue Water Industries affiliates. Cardin will return to his primary role as Senior Vice President, Controller and Chief Accounting Officer.
Martin Marietta (NYSE:MLM), un importante fornitore nazionale di aggregati e materiali da costruzione pesanti, ha nominato Michael J. Petro come Senior Vice President e Chief Financial Officer, con effetto immediato. Petro, che dal 2015 ricopriva il ruolo di Senior Vice President della Strategia e Sviluppo presso Martin Marietta, sostituisce Robert J. Cardin, che ha svolto la funzione di CFO ad interim da aprile 2025.
Durante il suo incarico in Martin Marietta, Petro 猫 stato fondamentale nell'attuazione di iniziative strategiche di crescita e transazioni volte a migliorare il portafoglio, comprese le acquisizioni di Bluegrass Materials, la regione ovest di Lehigh Hanson, Tiller Corporation, Albert Frei & Sons e le affiliate di Blue Water Industries. Cardin torner脿 al suo ruolo principale di Senior Vice President, Controller e Chief Accounting Officer.
Martin Marietta (NYSE:MLM), un proveedor nacional l铆der de agregados y materiales pesados para la construcci贸n, ha nombrado a Michael J. Petro como Vicepresidente Senior y Director Financiero, con efecto inmediato. Petro, quien anteriormente se desempe帽贸 como Vicepresidente Senior de Estrategia y Desarrollo en Martin Marietta desde 2015, reemplaza a Robert J. Cardin, que ha sido CFO interino desde abril de 2025.
Durante su tiempo en Martin Marietta, Petro ha sido clave en la ejecuci贸n de iniciativas estrat茅gicas de crecimiento y transacciones para mejorar el portafolio, incluyendo adquisiciones de Bluegrass Materials, la regi贸n oeste de Lehigh Hanson, Tiller Corporation, Albert Frei & Sons y afiliadas de Blue Water Industries. Cardin regresar谩 a su rol principal como Vicepresidente Senior, Contralor y Director de Contabilidad.
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Martin Marietta (NYSE:MLM), un fournisseur national majeur d'agr茅gats et de mat茅riaux de construction lourds, a nomm茅 Michael J. Petro au poste de Vice-Pr茅sident Senior et Directeur Financier, avec effet imm茅diat. Petro, qui occupait auparavant le poste de Vice-Pr茅sident Senior de la Strat茅gie et du D茅veloppement chez Martin Marietta depuis 2015, remplace Robert J. Cardin, qui assurait la fonction de CFO par int茅rim depuis avril 2025.
Au cours de son mandat chez Martin Marietta, Petro a jou茅 un r么le cl茅 dans la mise en 艙uvre d'initiatives strat茅giques de croissance et de transactions visant 脿 renforcer le portefeuille, notamment les acquisitions de Bluegrass Materials, la r茅gion Ouest de Lehigh Hanson, Tiller Corporation, Albert Frei & Sons et les filiales de Blue Water Industries. Cardin reprendra son r么le principal de Vice-Pr茅sident Senior, Contr么leur et Directeur Comptable.
Martin Marietta (NYSE:MLM), ein f眉hrender nationaler Anbieter von Zuschlagstoffen und schweren Baumaterialien, hat Michael J. Petro mit sofortiger Wirkung zum Senior Vice President und Chief Financial Officer ernannt. Petro, der seit 2015 als Senior Vice President f眉r Strategie und Entwicklung bei Martin Marietta t盲tig war, ersetzt Robert J. Cardin, der seit April 2025 interimistisch als CFO fungierte.
W盲hrend seiner Zeit bei Martin Marietta war Petro ma脽geblich an der Umsetzung strategischer Wachstumsinitiativen und portfolioverbessernder Transaktionen beteiligt, darunter die 脺bernahmen von Bluegrass Materials, der Westregion von Lehigh Hanson, Tiller Corporation, Albert Frei & Sons und den Tochtergesellschaften von Blue Water Industries. Cardin kehrt in seine Hauptfunktion als Senior Vice President, Controller und Chief Accounting Officer zur眉ck.
- Petro brings extensive experience in strategic growth and acquisitions from his previous role
- Internal promotion ensures continuity and deep understanding of company operations
- Demonstrated track record in successful portfolio-enhancing transactions
- Maintains stability with Cardin returning to his primary Controller and CAO role
- Management transition period may cause temporary uncertainty
- Loss of dedicated Strategy and Development leadership as Petro maintains oversight of both roles
RALEIGH, N.C., July 08, 2025 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (鈥淢artin Marietta鈥� or the 鈥淐ompany鈥�), a leading national supplier of aggregates and heavy building materials, today announced the appointment of Michael J. Petro as Senior Vice President and Chief Financial Officer, effective immediately. Robert J. Cardin, who has been serving as the Company鈥檚 interim CFO since April 2025, will continue in his role as Senior Vice President, Controller and Chief Accounting Officer.
Mr. Petro, who most recently served as Senior Vice President of Strategy and Development at Martin Marietta, brings decades of financial leadership experience. Since joining the Company in 2015, he has played a key role in formulating and executing the Company鈥檚 strategic growth initiatives including through his work on successful portfolio-enhancing transactions that have greatly expanded Martin Marietta鈥檚 geographic footprint and improved the Company鈥檚 product mix. These include the acquisitions of Bluegrass Materials, Lehigh Hanson鈥檚 West Region, the Tiller Corporation, Albert Frei & Sons and affiliates of Blue Water Industries as well as the divestiture of certain non-core assets. Prior to joining the Company, Mr. Petro held roles as an investment banker and a consultant, where he developed a deep understanding of capital markets, financial analysis, forecasting and process optimization. As CFO, Mr. Petro will continue to oversee Martin Marietta鈥檚 Strategy and Development team.
鈥淥n behalf of the Board and management team, I am pleased to announce Michael鈥檚 promotion to Chief Financial Officer,鈥� said Ward Nye, Chair and CEO of Martin Marietta. 鈥淢ichael鈥檚 work both on and leading our Strategy and Development team over the past ten years has meaningfully contributed to our Company鈥檚 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.鈥�
Mr. Nye continued, 鈥淚 also want to acknowledge and thank Bob for stepping into the role of Interim Chief Financial Officer over the past several months and supporting a smooth and seamless transition. Bob is an extremely talented and highly valued member of our ONE team, and we look forward to continuing to benefit from his capable and effective leadership as he returns to his primary duties as Senior Vice President, Controller and Chief Accounting Officer.鈥�
鈥淚 am honored to be taking on the role of CFO,鈥� said Mr. Petro. 鈥淢artin Marietta has a winning approach to capital allocation and a proven formula for success, and I look forward to continuing to advance our strategy, while delivering compelling, long-term value for Martin Marietta shareholders.鈥�
About Michael J. Petro
Mr. Petro has held leadership positions at Martin Marietta since he joined in 2015. He most recently served as Senior Vice President of Strategy and Development. Prior to his promotion to Senior Vice President in 2021, he was Vice President of Strategy and Development (2018-2021), and Director of Strategy and Development (2015-2018). Earlier in his career he worked in investment banking at Wells Fargo Securities and as a consultant at PwC. Mr. Petro holds an undergraduate degree in accounting from Louisiana State University, and a master鈥檚 of business administration degree from Duke University鈥檚 Fuqua School of Business.
About Martin Marietta
Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources for building the solid foundations on which our communities thrive. Martin Marietta鈥檚 Magnesia Specialties business produces high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit or .
Investor Contact:
Jacklyn Rooker
Director, Investor Relations
(919) 510-4736
[email protected]
MLM-G
This release contains forward-looking statements within the meaning of federal securities law. Statements and assumptions on future revenues, income and cash flows, performance, economic trends, the outcome of litigation, regulatory compliance and environmental remediation cost estimates are examples of forward-looking statements. Numerous factors could affect the Company鈥檚 forward-looking statements and actual performance.
Investors are cautioned that all forward-looking statements involve risks and uncertainties, and are based on assumptions that the Company believes in good faith are reasonable at the time the statements are made, but which may be materially different from actual results. Investors can identify these statements by the fact that they do not relate only to historic or current facts. The words 鈥渕ay鈥�, 鈥渨ill鈥�, 鈥渃ould鈥�, 鈥渟hould鈥�, 鈥渁nticipate鈥�, 鈥渂elieve鈥�, 鈥渆stimate鈥�, 鈥渆xpect鈥�, 鈥渇orecast鈥�, 鈥渋ntend鈥�, 鈥渙utlook鈥�, 鈥減lan鈥�, 鈥減roject鈥�, 鈥渟cheduled鈥� and other words of similar meaning in connection with future events or future operating or financial performance are intended to identify forward-looking statements. Any or all of Martin Marietta鈥檚 forward-looking statements in this release and in other publications may turn out to be wrong.
You should consider these forward-looking statements in light of risk factors discussed in Martin Marietta鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024, and other periodic filings made with the SEC. All of the Company鈥檚 forward-looking statements should be considered in light of these factors. In addition, other risks and uncertainties not presently known to the Company or that it considers immaterial could affect the accuracy of its forward-looking statements, or adversely affect or be material to the Company. The Company assumes no obligation to update any such forward-looking statements.
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