Big Changes At Building Products Company CRH: CEO Albert Manifold Set To Retire, CFO Jim Mintern Gears Up To Lead In 2025

CRH PLC CRH company disclosed that its CEO Albert Manifold will retire at the end of 2024.

Manifold will be succeeded by Jim Mintern, CRH’s Chief Financial Officer and board director since June 2021.

Manifold, who joined CRH in 1998 and became CEO in January 2014, will step down from the board and his executive responsibilities on December 31, 2024.

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.”

Investors can gain exposure to the stock via Invesco Building & Construction ETF PKB and Fidelity MSCI Materials Index ETF FMAT.

Price Action: CRH shares are down 0.94% at $91.11 premarket at the last check Tuesday.

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