Granite Construction Names Laurel Krzeminski to Vice President and Corporate Controller

WATSONVILLE, Calif., July 16 /PRNewswire-FirstCall/ -- GraniteConstruction Incorporated (NYSE: GVA) has announced the appointment of LaurelKrzeminski as Vice President and Corporate Controller, succeeding MaryMcCann-Jenni, who is leaving Granite after 10 years of excellent service.Krzeminski will report to LeAnne Stewart, Granite’s Senior Vice President andChief Financial Officer. In her new role, Krzeminski will have overallresponsibility for Granite’s accounting, financial reporting, internalcontrols and accounting shared services.

"We are pleased to welcome Laurel to Granite. Her 25 years of broadfinancial and accounting experience will be a tremendous asset for thecompany," said William G. Dorey, Granite’s President and Chief ExecutiveOfficer. "The perspective she brings as a result of her experience at leadingglobal companies will be extremely valuable to our entire management team."

For the past 14 years, Krzeminski served in various financial positionswith The Gillette Company which was acquired by The Procter & Gamble Company("P&G") in 2005. Most recently, she served as Finance Director for theDuracell and Braun North American business units of P&G. In this role,Krzeminski was responsible for the successful integration of all financialbusiness systems and processes, along with the relocation of the financebusiness unit operations during Gillette’s transition to P&G. From 2003 to2005, Krzeminski was the Director of Gillette’s Sarbanes-Oxley Section 404Compliance program. From 2001 to 2003, she served as Gillette’s Director ofCorporate Financial Reporting.

Krzeminski has a bachelor’s degree in Business Administration-Accountingfrom San Diego State University.

"On behalf of the Board and the team at Granite, I would like to thankMary for her outstanding contributions to our Company," said Dorey. "Mary hasdone a terrific job for Granite and I will miss her calm and professionalstyle. As our Controller for nearly a decade, Mary was instrumental in helpingto guide us through a period of remarkable growth, Sarbanes-Oxley complianceand the realignment of our business. She has developed an excellent team offinancial and accounting professionals and is leaving Granite in very goodhands. We wish her much success in her future endeavors."

About Granite

Granite Construction Incorporated is a member of the S&P 400 Midcap Index,the Domini 400 Social Index and the Russell 2000. Granite ConstructionCompany, a wholly owned subsidiary, is one of the nation’s largest diversifiedheavy civil contractors and construction materials producers. GraniteConstruction Company serves public and private sector clients through itsoffices and subsidiaries nationwide. For the 5th straight year, Granite wasnamed to FORTUNE’S List of 100 Best Companies to Work For. For moreinformation about Granite, please visit their website athttp://www.graniteconstruction.com.

SOURCE Granite Construction Incorporated