Martin Marietta Appoints George F. Schoen as Executive Vice President, General Counsel and Corporate Secretary
Rhea-AI Summary
Martin Marietta (NYSE: MLM) appointed George F. Schoen as Executive Vice President, General Counsel and Corporate Secretary, joining the company in March 2026. Schoen joins from Cravath as former Co-Chair of Global Mergers & Acquisitions and brings extensive public-company M&A and governance experience.
His background includes advising on major transactions such as Disney/21st Century Fox, Occidental/Anadarko, and Precision Castparts/Berkshire Hathaway, plus multiple industry recognitions for M&A and crisis management work.
Positive
- Appointing George Schoen as EVP, General Counsel and Corporate Secretary effective March 2026
- Schoen served as Co-Chair of Cravath’s Global Mergers & Acquisitions practice
- Advised on major transactions including Disney/21st Century Fox and Occidental/Anadarko
Negative
- None.
News Market Reaction
On the day this news was published, MLM declined 6.56%, reflecting a notable negative market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $3.00B from the company's valuation, bringing the market cap to $42.70B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
MLM was up 1.78% with several key peers also positive: VMC +0.65%, CRH +1.84%, CX +1.65%, JHX +3.79%, EXP +1.34%. Despite this broad strength, the momentum scanner did not flag a coordinated sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Earnings call notice | Neutral | +1.7% | Scheduled Q4 and full-year 2025 earnings call on Feb 11, 2026. |
| Nov 13 | Dividend declaration | Positive | -0.9% | Board declared regular quarterly cash dividend of <b>$0.83</b> per share. |
| Nov 04 | Earnings results | Positive | +1.0% | Q3 2025 results with revenue, profit and EBITDA growth and raised guidance. |
| Oct 14 | Earnings call notice | Neutral | -2.7% | Announced timing and access details for Q3 2025 earnings call. |
| Oct 02 | Regulatory approvals | Positive | +1.1% | Received all required approvals for Quikrete asset exchange and Q4 2025 close target. |
Positive operational and transaction updates have often seen supportive price reactions, while dividend and some conference notices showed mixed responses.
Over the past several months, Martin Marietta has reported strong operating momentum and strategic activity. Third-quarter 2025 results showed higher revenues, gross profit and Adjusted EBITDA, with record aggregates and specialties performance and raised full‑year 2025 guidance. The company also secured regulatory approvals for its Quikrete asset exchange, targeting ~20 million tons of added aggregates capacity plus $450 million in cash. Routine items such as earnings call announcements and dividend declarations saw mixed short‑term price reactions. Today’s leadership appointment fits into an ongoing pattern of strategic execution and corporate development.
Market Pulse Summary
The stock moved -6.6% in the session following this news. A negative reaction despite this leadership appointment would contrast with the company’s recently reported record 2025 aggregates and specialties performance and its price trading near a 52-week high of $710.97. Past news shows that even positive items such as dividends have occasionally seen adverse short-term moves. Any sharp decline would need to be weighed against the broader uptrend above the 200-day MA of 600.72 and recent strategic milestones, to distinguish sentiment shifts from longer-term fundamentals.
Key Terms
mergers and acquisitions financial
corporate governance financial
joint ventures financial
AI-generated analysis. Not financial advice.
RALEIGH, N.C., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), a leading national supplier of aggregates and heavy building materials, today announced the appointment of George F. Schoen as Executive Vice President, General Counsel and Corporate Secretary, further strengthening the Company’s leadership team as it executes its long-term strategic plan. Mr. Schoen will join the Company in March 2026.
Mr. Schoen, who most recently served as Co-Chair of the Global Mergers and Acquisitions Practice at Cravath, Swaine & Moore LLP, is widely recognized as one of the nation’s foremost M&A and corporate governance attorneys. He has advised on many of the most significant and complex corporate transactions of the last 25 years. His extensive experience spans public company mergers and acquisitions, hostile and contested transactions, shareholder activism defense, joint ventures and strategic board-level counseling.
“George is an exceptional legal mind and a proven strategic advisor,” said Ward Nye, Chair and CEO of Martin Marietta. “His extraordinary experience leading major public company transactions, combined with his deep understanding of corporate governance, and his superb advice to Martin Marietta over the years as outside counsel, make him uniquely suited to lead our legal function as we continue advancing our strategic and operational goals. We are delighted to welcome him to Martin Marietta.”
At Cravath, Mr. Schoen represented companies across multiple industries including construction materials, energy, industrials, media, technology, healthcare and financial services. His notable matters include industry-defining transactions such as Disney’s acquisition of 21st Century Fox, Occidental Petroleum’s acquisition of Anadarko, and Precision Castparts in its acquisition by Berkshire Hathaway, along with numerous high-profile activism defense engagements. Mr. Schoen has been repeatedly recognized as a leading M&A lawyer by, among others, Chambers USA, The Legal 500 US and IFLR1000. Mr. Schoen was named as a “Dealmaker of the Year” by the New York Law Journal in 2022 and The American Lawyer in 2019, and one of “Hollywood’s Top 20 Dealmakers” by The Hollywood Reporter in 2018. Additionally, he has been named by Lawdragon as one of the “500 Leading Lawyers in America,” “500 Leading Dealmakers in America” and “500 Global Leaders in Crisis Management.”
“I am honored to join Martin Marietta and excited for the opportunity to contribute to the Company’s continued success,” said Mr. Schoen. “Martin Marietta’s commitment to enterprise excellence, disciplined growth and long-term value creation is well known across the industry and beyond. I look forward to supporting the Company’s mission and working with the management team, Board of Directors and our dedicated employees to advance the Company’s strategic priorities.”
About George F. Schoen
Mr. Schoen joined Cravath in 1998 and was elected a partner in 2005. He served as the Firm’s Corporate Hiring Partner from 2011 to 2014. He received a B.A. from Cornell University in 1995 and a J.D. with honors from the University of Chicago Law School in 1998.
About Martin Marietta
Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of building materials, including aggregates, cement, ready mixed concrete and asphalt. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive. Martin Marietta’s Specialties business provides high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.
Investor Contact:
Jacklyn Rooker
Vice President, Investor Relations
+1 (919) 510-4736
Jacklyn.Rooker@martinmarietta.com
MLM-G.
FAQ
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