Anne P. Noonan is the President and CEO of Summit Materials, a company that specializes in construction materials. Appointed in September 2020, she took over from the founder, bringing a fresh perspective after her previous role at OMNOVA Solutions. Her...

Anne P. Noonan is the President and CEO of Summit Materials, a company that specializes in construction materials. Appointed in September 2020, she took over from the founder, bringing a fresh perspective after her previous role at OMNOVA Solutions. Her experience spans over three decades, including managerial positions in Chemtura Corporation, suggesting she knows how to navigate different challenges in her field. Under her leadership, the company achieved record earnings of $138 million in 2020, showcasing her effectiveness in steering the ship amidst a pandemic. She maintains a significant stake in Summit Materials, with her personal holdings peaking at nearly $15 million in recent months. This reflects her strong belief in the company’s future. Her compensation is structured to align with performance metrics to incentivize growth, which appeals to shareholders. Noonan is also part of the board at CF Industries, illustrating her influence beyond just Summit. She has laid the framework for a culture that values feedback, as evidenced by the 99% approval for executive pay plans from shareholders. Such support indicates confidence in her strategy and performance, marking her as a key player in the construction materials sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Summit Materials CEOs

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Anne P. Noonan

CEO of Summit Materials

Sector of Economy

Basic Materials

Born

July 30, 2024 - 0 years ago

CEO of Summit Materials for

4 years 9 months (Sep 2020 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Anne P. Noonan

Holdings

See how much did Anne P. Noonan make over time.

As of 2024, Anne P. Noonan holds a notable amount of Summit Materials stock, with her total holdings reaching a maximum of around $15 million. Since her appointment as CEO in September 2020, her wealth in stock has seen steady...

As of 2024, Anne P. Noonan holds a notable amount of Summit Materials stock, with her total holdings reaching a maximum of around $15 million. Since her appointment as CEO in September 2020, her wealth in stock has seen steady growth. In early 2023, her holdings were around $10.95 million and steadily increased to about $15 million by February 2024. The appreciation in value reflects the company's positive market performance during her leadership. Her significant stake underscores her commitment to the firm and aligns her interests with those of the shareholders. By having most of her wealth tied to her holdings, Noonan is incentivized to ensure the company's success, which is crucial in maintaining investor confidence and shared goals.

Mar 17, 2025

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shares

CF @ $77.73

Total Stock Sold

$355.05K

CF

$355.05K

3,000 CF shares

What if they kept their stock?

If Anne P. Noonan didn't sell their stock, today they would have:
Extra CF3,000 shares worth $84.42K.
This is -76.22% and $270.63K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Anne P. Noonan.

SUM

52,384 shares

SUM

Jan 15, 2025

Received

CF

2,010 shares

CF

Apr 18, 2024

Received

SUM

81,696 shares

SUM

Mar 7, 2024

Received

CF

2,167 shares

CF

May 3, 2023

Received

SUM

63,912 shares

SUM

Feb 28, 2023

Received

CF

$355.92K

CF at $118.64/share

Aug 26, 2022

Sale

CF

1,569 shares

CF

May 11, 2022

Received

CF

3,023 shares

CF

May 4, 2021

Received

SUM

$1.01M

SUM at $15.24/share

Sep 4, 2020

Purchase

CF

4,726 shares

CF

May 20, 2020

Received

Compensation History

See how much did Anne P. Noonan make over time.

In 2023, Anne P. Noonan's total compensation was about $6.99 million, which consisted of a base salary of approximately $1.03 million, vested stock worth roughly $3.67 million, and additional compensation that included payments for health care and life insurance. Her compensation reflects a strategy that emphasizes performance-based incentives to align with shareholder interests. Unlike other years, Noonan did not receive a cash bonus in 2023, indicating her focus on long-term growth rather than short-term gains. Interestingly, in 2022, her compensation was approximately $5 million, showing a significant raise due to her growing impact on the company. This increase in pay over the years speaks to her effectiveness in leading Summit Materials through challenging times, particularly during the pandemic when the company managed to thrive.

Year

2023

Total Compensation

$4.74M

Salary

$1.03M

Board Justification

The compensation philosophy is designed to attract, motivate, and retain executives while aligning their interests with those of stockholders through a significant portion of at-risk pay tied to performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded in 2023.

Other

$47.63K

Board Justification

Other compensation includes payments for life insurance, amounts paid for the Executive Health Program, contributions to Health Savings Account, and nominal amounts related to parking and entertainment expenses.

Restricted Stock

$3.67M(118.78K RSUs)

Board Justification

Vested stock awards in 2023 include time-vesting RSUs and performance units that were earned based on performance metrics for the fiscal year.

Performance Metrics

Performance metrics for 2023 included Adjusted EBITDA, EBITDA Margin, Recordable Incident Rate, Safety Risk Assessments, and Bedrock Milestones.

Other Summit Materials CEOs

Here are other CEOs of Summit Materials

Thomas W. Hill

Ex-CEO of Summit Materials

March 2015 - September 2020