CRH PLC, a leading building materials company, has announced that its CEO, Albert Manifold, will retire at the end of 2024. 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.
Taking the helm will be Jim Mintern, CRH’s Chief Financial Officer and board director since June 2021. Mintern’s appointment comes after a comprehensive succession planning process, which included reviewing both internal and external candidates.
Richie Boucher, Chairman of CRH, expressed confidence in Mintern’s ability to lead the company, stating, “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 interested in gaining exposure to CRH can consider the Invesco Building & Construction ETF (PKB) and Fidelity MSCI Materials Index ETF (FMAT).
Following the announcement, CRH shares were down 0.94% at $91.11 premarket at the last check Tuesday.
