WATSONVILLE, Calif., July 16, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Granite Construction Incorporated (NYSE: GVA) has announced the appointment of Laurel Krzeminski as Vice President and Corporate Controller, succeeding Mary McCann-Jenni, who is leaving Granite after 10 years of excellent service. Krzeminski will report to LeAnne Stewart, Granite's Senior Vice President and Chief Financial Officer. In her new role, Krzeminski will have overall responsibility for Granite's accounting, financial reporting, internal controls and accounting shared services.
"We are pleased to welcome Laurel to Granite. Her 25 years of broad financial and accounting experience will be a tremendous asset for the company," said William G. Dorey, Granite's President and Chief Executive Officer. "The perspective she brings as a result of her experience at leading global companies will be extremely valuable to our entire management team."
For the past 14 years, Krzeminski served in various financial positions with The Gillette Company which was acquired by The Procter & Gamble Company ("P&G") in 2005. Most recently, she served as Finance Director for the Duracell and Braun North American business units of P&G. In this role, Krzeminski was responsible for the successful integration of all financial business systems and processes, along with the relocation of the finance business unit operations during Gillette's transition to P&G. From 2003 to 2005, Krzeminski was the Director of Gillette's Sarbanes-Oxley Section 404 Compliance program. From 2001 to 2003, she served as Gillette's Director of Corporate Financial Reporting.
Krzeminski has a bachelor's degree in Business Administration-Accounting from San Diego State University.
"On behalf of the Board and the team at Granite, I would like to thank Mary for her outstanding contributions to our Company," said Dorey. "Mary has done a terrific job for Granite and I will miss her calm and professional style. As our Controller for nearly a decade, Mary was instrumental in helping to guide us through a period of remarkable growth, Sarbanes-Oxley compliance and the realignment of our business. She has developed an excellent team of financial and accounting professionals and is leaving Granite in very good hands. We wish her much success in her future endeavors."
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index and the Russell 2000. Granite Construction Company, a wholly owned subsidiary, is one of the nation's largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public and private sector clients through its offices and subsidiaries nationwide. For the 5th straight year, Granite was named to FORTUNE'S List of 100 Best Companies to Work For. For more information about Granite, please visit their website at http://www.graniteconstruction.com.
SOURCE Granite Construction Incorporated
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