Granite Elects New Board Chair, Appoints Three New Directors, and Names Larkin as CEO

WATSONVILLE, Calif.–(Business WIRE)–Granite’s (NYSE:GVA) board of directors has appointed 3 new directors and has elected Michael F. McNally as its new board chair. Mr. McNally has served on the board given that 2016. The board also promoted Kyle T. Larkin to president and main executive officer. At the summary of Granite’s Yearly Conference of Shareholders held on June 2, 2021, former board chair, Claes G. Bjork, retired from the board.

Louis E. Caldera, previous United States Secretary of the Army, Laurie M. Mullen, retired associate at KPMG LLP, and Kyle T. Larkin have joined Granite’s board of administrators, effective Thursday, June 3, 2021. These appointments and retirement will raise the selection of Granite directors from ten to twelve as part of the company’s board succession approach.

“On behalf of the entire Granite board, I would like to thank Claes for his fifteen several years of provider on the board, and in particular for his guidance for the duration of the earlier 3 years as chair. The past two yrs have been contrary to any some others in Granite’s historical past, and Claes’ leadership has been a must have,” explained Michael McNally. “I’m psyched to welcome Louis, Laurie, and Kyle to our board as we go on to establish a powerful and diverse board. Louis delivers a breadth of knowledge from the White Home, the United States Army, and the California Condition Assembly. Laurie’s intensive accounting and auditing expertise in the design field will be of good benefit to the board and Granite. Kyle’s information of Granite and the construction market, coupled with his strategic perception has produced him a trusted advisor to the board and it is time for him to sign up for us,” ongoing McNally.

“I would like to increase my deep gratitude and ideal needs to Claes as he retires from the board,” stated Kyle Larkin. “Mike has considerable experience, understanding and comprehension of the development industry, and he shares my excellent passion for Granite. I am energized for the prospect to husband or wife with Mike and the board as we function collectively for all of our staff and stakeholders,” additional Larkin.

About Mike F. McNally

Prior to becoming board chair, Mike McNally served on the board’s Compensation, Nominating and Corporate Governance, and Possibility committees. McNally retired in 2014 as president and CEO of Skanska United states Inc., a subsidiary of Skanska AB, a single of the world’s most significant development businesses, a posture he experienced held considering that 2008. McNally held many management positions over a 38-year vocation with Fluor, Marshall Contractors, Mobil Oil and J. Ray McDermott. McNally at the moment serves on the board of Limbach Holdings, Terracon, and is vice chair of the University of Rhode Island Board of Trustees. From 2016 to 2019 McNally served as the chair of the U.S. Inexperienced Creating Council Board. McNally holds a bachelor of science degree in civil engineering from the College of Notre Dame in Indiana, and a master of enterprise administration diploma from the University of Rhode Island. He is also a National Association of Corporate Administrators Management Fellow.

About Louis E. Caldera

Louis Caldera will serve on the board’s Nominating and Company Governance Committee and Threat Committee. Caldera at the moment potential customers his personal consulting company and served as the Director of the White Residence Military services Office environment in 2009, as the United States Secretary of the Military from 1998 to 2001, as a member of the California State Assembly from 1992 to 1997 and practiced law in California from 1987 to 1992. Caldera attained a joint juris health practitioner and master of business administration from Harvard Regulation Faculty and Harvard Enterprise University respectively. He acquired a bachelor of science degree from the United States Armed forces Academy at West Issue, New York, and served on active obligation from 1978 to 1983.

About Laurie M. Mullen

Laurie Mullen will serve on the board’s Audit/Compliance Committee and the Compensation Committee. With a vocation spanning a lot more than 37 many years in KPMG’s audit exercise, Mullen served in several management positions on numerous general public firms in the technologies and development sector. Mullen gained a bachelor of science in business administration from California State College, Extended Beach. She is a certified public accountant in California and member of the American Institute of Licensed General public Accountants and California Society of Accredited Public Accountants.

About Kyle T. Larkin

On June 3, 2021, the board appointed Larkin as main executive officer and president of the business powerful instantly. Larkin joined Granite in 1996 and has served as president due to the fact September 2020. Larkin has held a selection of positions within just the organization, like serving as executive vice president and chief functioning officer from February 2020 to September 2020, as senior vice president and supervisor of development and product functions from October 2019 to February 2020 and as senior vice president and group supervisor from 2017 to 2019. Past roles also included vice president and regional supervisor in Nevada from January 2014 to September 2017 and president of Granite’s wholly owned subsidiary, Intermountain Slurry Seal, Inc. from 2011 to 2014. He also served as manager of design for the company’s Reno area office from 2008 to 2011, main estimator from 2004 to 2008 and venture manager, task engineer and estimator at Granite’s Nevada Branch between 1996 and 2003. Larkin holds a bachelor of science diploma in design management from California Polytechnic Point out College, San Luis Obispo and a master of company administration from the College of Massachusetts, Amherst.

About Granite

Granite is America’s Infrastructure Company™. Included due to the fact 1922, Granite (NYSE:GVA) is a single of the greatest diversified construction and building materials businesses in the United States as very well as a complete-suite provider in the transportation, water infrastructure, and mineral exploration marketplaces. Granite’s Code of Perform and powerful Core Values manual the company and its employees to uphold the highest ethical specifications. Granite is an field leader in security and an award-profitable business in high quality and sustainability. For far more info, take a look at graniteconstruction.com, and link with Granite on LinkedIn, Twitter, Fb, and Instagram.