Granite Construction Incorporated Board of Directors Nominates James H. Roberts as Director
WATSONVILLE, Calif.--(BUSINESS WIRE)--
Granite Construction Incorporated (NYSE: GVA), one of the nation's
leading infrastructure contractors, today announced its nominations for
the upcoming annual stockholders' meeting scheduled for May 20, 2011.
Granite President and Chief Executive Officer, James H. Roberts, will
stand for election to the Board. Current directors Gary M. Cusumano and
J. Fernando Niebla will stand for re-election to the board.
"Jim's nomination to the Board is a logical step in the evolution of his
leadership role," said Chairman of the Board, William Powell. "Jim
brings to the board not only knowledge of the construction industry, but
an intimate knowledge of Granite's business, its employees and its
culture. On behalf of the entire board, we look forward to working with
him as a Director."
Mr. Roberts, 54, joined Granite in 1981 and has served in various
capacities, including President and Chief Executive Officer since
September 2010. He also served as Executive Vice President and Chief
Operating Officer from September 2009 to August 2010. From May 1995 to
September 2009, Mr. Roberts held several managerial roles and oversaw
operating units throughout the company's vertically-integrated
construction business. He is a graduate of the University of California
at Berkeley and the University of Southern California. In 2009, Mr.
Roberts completed the Stanford Executive Program.
In addition, the Company announced that director David H. Watts, 72,
will retire from the Board effective May 20, 2011. Mr. Watts served as
Chairman of the Board from May 1999 until August 2009. He served as
Granite's President and Chief Executive Officer from October 1987 until
2003. If elected, Mr. Roberts will fill the vacancy created by Mr.
"Dave has brought tremendous wisdom and judgment to our board, as well
as keen insights into the business as a result of his experience with
the company," said Powell. "We appreciate all of his contributions and
we will certainly miss his leadership and perspective. I know the entire
Board joins me in thanking him for his many contributions over the past
Granite's 2011 Proxy Statement has been filed with the Securities and
Exchange Commission ("SEC") and is now available to stockholders on the
company's Web site www.graniteconstruction.com.
In addition, the company is complying with the SEC's Notice and Access
rules for distribution of proxy materials. This provides stockholders
online access to these materials and the ability to vote on proxy ballot
measures via the Internet. Information about this program was mailed to
stockholders on April 8th. A live audio webcast of the
meeting will be available via Granite's Web site at www.graniteconstruction.com/investor-relations.
A re-play will be provided approximately 24 hours after the live event.
Granite Construction Incorporated is a member of the S&P 400 Midcap
Index, the FTSE KLD 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 website at graniteconstruction.com.
Granite Construction Incorporated
Jacque Fourchy, 831-761-4741
Source: Granite Construction Incorporated
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