Eagle Materials announced that the company's President and CEO, Steve Rowley, 62, has decided to retire as an officer and director of the company effective the end of this fiscal year, March 31, 2016. Steve's decision to retire will bring to a close a remarkable career of 25 years of continuous service to the company and its stockholders. Dave Powers, Executive Vice President for Gypsum Wallboard at Eagle since 2005, will succeed Steve as President and CEO on March 31, 2016, and will be appointed to the Board of Directors on that date as well.

Dave Powers joined Eagle Materials Inc. (formerly Centex Construction Products) in 2002 as Executive Vice President, Sales and Marketing. In January 2005, he was promoted to his role as Eagle's Executive Vice President for Gypsum (and President, American Gypsum Company LLC).