Oct 13 (Reuters) - Construction materials firm Vulcan Materials VMC.N on Monday named insider Ronnie Pruitt as its next chief executive officer, effective January 1, with Tom Hill transitioning to executive chairman.
Pruitt will take over the Birmingham, Alabama-based construction materials producer at a time when the wider industry is facing slowing demand amid higher borrowing costs and stubborn inflation.
A building materials veteran, Pruitt has served as chief operating officer since August 2023 and previously led U.S. Concrete as CEO before its acquisition by Vulcan.
Vulcan sells aggregates such as crushed stone, sand and gravel, and supplies asphalt in six states, including Texas and California.
(Reporting by Apratim Sarkar; Editing by Tasim Zahid)
((Apratim.Sarkar@thomsonreuters.com;))