Jim Nickolas will depart Martin Marietta after nearly a decade with the organisation to take on a new role with CNH.
Nickolas has chosen to leave Martin Marietta to relocate his family to Chicago, their hometown, and work with Chicago-based CNH. Nickolas has served as executive vice president and chief financial officer for Martin Marietta.
“Over the course of his Martin Marietta tenure, Jim has been an integral member of the executive leadership team and a valued colleague. With his deep financial acumen, he has played a key role in responsibly growing the business through strategic acquisitions and organic capital investments while maintaining a strong balance sheet and investment grade credit rating,” Martin Marietta chairman and chief executive officer Ward Nye said.
“I thank him for his meaningful contributions, including the development of the talent in our finance organisation that has supported the company in both growing and maintaining our position as a market-leading supplier of aggregates.
“In his resignation, Jim underscored that working alongside our capable and dedicated team was a career highlight, and that he has the utmost faith in Martin Marietta’s future and is confident the best is yet to come as our teams continue to execute our proven strategy for the benefit of our stakeholders.”
The company has confirmed that Bob Cardin has been appointed as the interim chief financial officer in addition to his current role as senior vice president, controller, and chief accounting officer. Martin Marietta senior vice president and chief information officer Jason P. Flynn will report to Nye.
Martin Marietta has started the search for a replacement with a global executive search firm including internal and external candidates.
Nickolas will be based at CNH’s North American headquarters in Oak Brook, Illinois, USA and be part of a transition plan to succeed current chief financial officer Oddone Incisa. Incisa and Nickolas will work side by side through April to ensure a seamless transition, with Nickolas taking full responsibility as CFO as of May 6, 2025.
“We look forward to welcoming Jim to the team. He brings extensive finance and M&A expertise that will help drive and support our growth ambitions,” CNH chief executive officer Gerrit Marx said.
