Abney S. Boxley, III

Independent Director

Since December 2021, Abney S. Boxley, III, has served as chairman of Boxley Ready Mix, a ready mix concrete manufacturer, and Boxley Family, LLC, as well as a consultant to Summit Materials, Inc., a SEC-registered public construction materials company. From January 2021 through his retirement in December 2021, he served as executive vice president of Summit Materials, and from October 2018 to December 2020, Boxley served as east region president of Summit Materials. From 1988 to October 2018, heserved as president and chief executive officer of Boxley Materials Company, a construction materials producer. In these positions, Boxley gained extensive financial management, governance and strategic analysis experience and has been involved in numerous merger and acquisition activities. His recent experience includes service on two audit committees as well as board oversight in a broad range of business and cultural organizations. 

Boxley was a founding director of Valley Financial Corporation (Valley), a SEC registered public bank holding company, and Valley Bank, which BNC Bancorp (BNC) acquired in July 2015. He served as chairman of the Valley board and chairman of that board’s executive committee.

Boxley served as a director of BNC, a SEC registered public bank holding company from July 2015 until June 16, 2017, when the Company acquired BNC. Boxley has also served as a director of the following entities during the past five years: Carilion Clinic, the Business Council, Roanoke Regional Partnership, the Roanoke Valley Development Foundation, the Virginia Western Community College Educational Foundation and Go Virginia Regional Council, none of which are SEC registered public companies. Since 1994, Boxley has served on the board of directors of RGC Resources, Inc., a SEC registered public natural gas company, where he serves on the audit committee and the compensation committee, and since March 2018 has served on the board of directors of Insteel Industries, Inc., a SEC registered public steel wire manufacturing company, where he is currently serving as the nominating and governance committee chair.

He received his bachelor’s degree in economics from Washington and Lee University and his master’s in business administration from the University of Virginia.