New Enterprise Stone & Lime Co. Inc. announced that its board of directors has appointed Paul I. Detwiler III as the company’s chief executive officer. Detwiler will continue his role as president, secretary and a director of the company.
In connection with his appointment, Paul I. Detwiler III will cease to act as chief financial officer of the company and Donald L. Detwiler will cease to act as the company’s chief executive officer.
Donald L. Detwiler will continue to serve as a director and the vice chairman of the board of directors of the company, on which he has served since 1972 and as vice chairman since 2011.
The company also announced that its board of directors has appointed Albert L. Stone as senior vice president and chief financial officer. Stone previously served as U.S. chief financial officer of Aggregates Industries, a position he held since 1997.
Paul I. Detwiler Jr., the chairman of the board of the company, said, “I am pleased we are continuing our management transition to the next generation of family members.”