On March 2, 2021, Construction Partners, Inc. announced that, effective following the close of business on March 31, 2021, the Company’s Chief Operating Officer, Fred J. (Jule) Smith, III, will transition to the role of Chief Executive Officer of the Company. The Company’s current President and Chief Executive Officer, Charles E. Owens, will transition to the role of Vice Chairman of the Company’s board of directors as of the same date. In this role, Mr. Owens will remain active in the Company, focusing on strategic business development and broad Company strategy. Smith, age 51, has served as the Company’s Chief Operating Officer since October 2020. Before that, he was a Senior Vice President of the Company since 2017 and also served in various management roles for the Company’s North Carolina subsidiary since 2005, including as its President from 2009 to 2020.