CRH announces the appointment of Jim Mintern as next Chief
Executive Officer, succeeding Albert Manifold who retires at the
end of 2024.
This document contains inside information
CRH plc (NYSE: CRH), the leading provider of building materials
solutions, announces that Albert Manifold has decided to retire as
Chief Executive Officer at the end of 2024 and that he is to be
succeeded by Jim Mintern.
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CRH announces the appointment of Jim
Mintern (right) as next Chief Executive Officer, succeeding Albert
Manifold (left) who retires at the end of 2024 (Photo: Business
Wire)
Mr. Mintern is currently CRH’s Chief Financial Officer and has
been a director of its board since June 2021. He has over 30 years
of experience in the building materials industry and 22 years with
CRH, serving in various senior leadership roles. Mr. Mintern has
deep industry knowledge, has led a variety of operational
businesses, and is an accomplished developer of teams and people.
He also has extensive portfolio management, financial and capital
markets expertise. Most recently, Mr. Mintern led the strategic
transition of CRH’s primary listing to the New York Stock
Exchange.
Mr. Manifold has held varied responsibilities with CRH since he
joined in 1998. He was appointed Chief Executive Officer in January
2014. Mr. Manifold will step down from the board and relinquish his
executive responsibilities on December 31, 2024. He will continue
as an advisor to CRH for a further 12 months.
Announcing the appointment, Richie Boucher, Chairman of CRH
said:
“The Board has a significant focus on succession planning
throughout CRH. With the support of independent advisors, we have
followed best practice, including a review of external candidates,
and we have carefully monitored the development plans for potential
internal candidates.”
“Over recent years we have closely observed Jim’s character,
qualities and abilities, as well as his significant influence on
the evolution of CRH. We are very pleased to have a successor of
such caliber and are confident that Jim is best positioned to lead
the CRH team, building the future of the company for the benefit of
our investors, customers, colleagues and communities.”
“Jim will become the Chief Executive Officer of a high
performing company in robust strategic and financial health, after
11 years of exceptional leadership from Albert.”
“CRH has made enormous progress thanks to Albert’s clear vision
and his leadership of a talented, hard-working team. CRH is a very
focused, high performing group and is recognized by its customers
as the industry’s leading provider of innovative building materials
solutions. Under Albert’s leadership CRH has delivered superior
growth and performance with consistently improving profitability,
cash generation and returns.”
Chief Executive Officer Albert Manifold said:
“I am pleased that Jim, who has a deep understanding of CRH,
will succeed me when I retire at the end of this year. This will be
his time.”
“Jim’s experience, capabilities and ambition for the business
ideally position him to lead the CRH team forward through an era of
enormous opportunity.”
“It has been a privilege to lead CRH. I am profoundly grateful
to my colleagues within the business and on the board for their
commitment and support over the years as the entire team has
strengthened and grown our company, positioning CRH for a bright
future ahead.”
Jim Mintern, incoming Chief Executive Officer said:
“It is an incredible honor for me to be appointed the next CEO
at such an exciting time for CRH.”
“CRH has an impressive legacy of continuous growth and financial
performance by providing value enhancing solutions for its
customers. I look forward to working alongside our highly talented
team as we build on this foundation and continue to successfully
grow the business while delivering exceptional returns for our
shareholders.”
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 (as
incorporated into UK domestic law by virtue of the UK's European
Union (Withdrawal) Act 2018 and the Market Abuse (Amendment) (EU
Exit) Regulations 2019). For the purposes of Article 2 of
Commission Implementing Regulation (EU) 2016/1055, the person
responsible for arranging for the release of this announcement on
behalf of CRH plc is Neil Colgan, Company Secretary. The date and
time of this statement is the same as the date and time that it has
been communicated to the media.
About CRH
CRH (NYSE: CRH, LSE: CRH) is the leading provider of building
materials solutions that build, connect and improve our world.
Employing approximately 78,500 people at approximately 3,390
operating locations in 28 countries, CRH has market leadership
positions in both North America and Europe. As the essential
partner for transportation and critical utility infrastructure
projects, complex non-residential construction and outdoor living
solutions, CRH’s unique offering of materials, products and
value-added services helps to deliver a more resilient and
sustainable built environment. The company is ranked among sector
leaders by Environmental, Social and Governance (ESG) rating
agencies. A Fortune 500 company, CRH’s shares are listed on the
NYSE and LSE.
Forward-Looking Statements
Some statements in this news release may constitute
forward-looking statements, including with respect to CRH’s future
growth prospects. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially from those indicated in the forward-looking statements,
including the risks and uncertainties described under “Risk
Factors” in Part 1, Item 1A of CRH’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2023 as filed with the SEC and
in CRH's other filings with the SEC.
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Albert Manifold, Chief Executive Jim Mintern, Chief Financial
Officer Lauren Schulz, Chief Communications Officer Tom Holmes,
Head of Investor Relations
E ir@crh.com W www.crh.com
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