Construction Partners, Inc. Announces Election of Fred J. Smith to its Board of Directors
November 09, 2021 at 04:16 pm
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On November 4, 2021, the Board of Directors of Construction Partners, Inc., in accordance with the Company?s Amended and Restated Bylaws and upon the recommendation of the Board?s Nominating and Corporate Governance Committee, increased the size of the Board from seven (7) directors to eight (8) directors and elected Fred J. (Jule) Smith, III, the Company?s President and Chief Executive Officer, to fill the vacancy created by the increase in the size of the Board. Mr. Smith will serve as a Class I director, with a term expiring at the 2022 annual meeting of the Company?s stockholders. The Board did not appoint Mr. Smith to serve on any committees of the Board in connection with his election but may appoint Mr. Smith to serve on one or more such committees in the future.
Construction Partners, Inc. is a civil infrastructure company, which is specialized in the construction and maintenance of roadways. The Company provides a range of products and services to both public and private infrastructure projects, which focuses on highways, roads, bridges, airports and commercial and residential developments. The Companyâs primary operations consist of manufacturing and distributing hot mix asphalt (HMA) for both internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel and construction stone, that are used as raw materials in the production of HMA and for sales to third parties; and distributing liquid asphalt cement for both internal use and sales to third parties in connection with HMA production.