WATSONVILLE, Calif., Aug 18, 2009 (BUSINESS WIRE) -- Granite Construction Incorporated (NYSE: GVA) today announced that the company's Board of Directors has named William H. Powell chairman of the board, effective September 1, 2009. Mr. Powell, 63, who has been Granite's independent presiding director since May 2008, succeeds David H. Watts, who will continue as a director on the board.
Mr. Powell served as chairman and chief executive officer of National Starch and Chemical Company from 1999 until he retired in 2006. He is currently the chairman of the Board of Trustees of the State Theatre Performing Arts Center in New Brunswick, New Jersey, and serves as a director of Arch Chemical Company Inc. and PolyOne Inc. He holds a BA degree in chemistry, an MS in chemical engineering from Case Western Reserve University, and an MA in business administration from the University of North Dakota.
Mr. Watts commented, "It has been a tremendous honor and privilege to serve as chairman for the past 11 years. I am very proud of what this great company has accomplished to create long-term shareholder value through the dedication and hard work of its employees and a vigilant but supportive Board. Bill Powell is a proven leader who has the vision and dedication to provide strong leadership in the years ahead."
Granite Construction Incorporated is a member of the S&P 400 Midcap Index, the Domini 400 Social Index, and the Russell 2000 Index. 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 more information about Granite, please visit its Web site at www.graniteconstruction.com.
SOURCE: Granite Construction Incorporated
Granite Construction Incorporated
Jacque Fourchy, 831-761-4714
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