Martin Marietta Promotes Michael J. Petro to Executive Vice President and CFO

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announced the promotion of Michael J. Petro to Executive Vice President and Chief Financial Officer (CFO). Petro's new role includes a base salary of $750,000, target annual incentive award of 100% of base salary, and a target long-term incentive award of 260% of base salary. He will also receive a one-time grant of restricted stock units with a grant date value of $5,000,000. The promotion is accompanied by an employment agreement and an amended and restated employment protection agreement, which include severance benefits and continued benefits in certain termination scenarios.

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About Martin Marietta Materials Inc.

Martin Marietta Materials Inc. is a leading supplier of building materials, primarily aggregates like crushed stone, sand, and gravel, as well as cement and concrete products in the United States. Its primary purpose is to support the construction industry by providing essential raw materials used in infrastructure projects, commercial and residential construction, and the development of public works like roads, bridges, and airports. Martin Marietta Materials is heavily involved in sectors such as construction, transportation, and energy, where its products are critical for foundational building and maintenance. The company plays a significant role in regional and national economic development, given the essential nature of its offerings in the construction and infrastructure sectors. With a broad geographic footprint and a diverse product line, Martin Marietta Materials holds a strategic position within the market, contributing to the durability and growth of urban and rural communities alike.