Compensation Arrangement between Summit Materials Holdings L.P. and John Murphy for Interim CFO and Consulting Services
Summit Materials Holdings L.P. agreed to compensate John R. Murphy for serving as Interim Chief Financial Officer from July 1, 2013, through October 14, 2013, while the company searched for a permanent CFO. Mr. Murphy also provided consulting services for a one-month transition period ending November 14, 2013. He was paid at an annual rate of $446,500 (or $37,208 per month) for these services. Mr. Murphy will also continue his roles as director and chairman of the audit committee for the company's general partner.
Exhibit 10.2
Compensation Arrangement between Summit Materials Holdings L.P.
and John Murphy, Interim Chief Financial Officer
Effective July 1, 2013 and through October 14, 2013, John R. Murphy served as Interim Chief Financial Officer while the Company conducted a search for a Chief Financial Officer. Compensation to Mr. Murphy for his service as Interim Chief Financial Officer, and for his consulting services for a one month transition period ending November 14, 2013, equals $446,500 per annum (or $37,208 per month). Mr. Murphy will continue to serve as a director and chairman of the audit committee of the board of directors of the general partner of Summit Materials Holdings L.P.
