CRH announce CEO succession
Jim Mintern appointed to succeed Albert Manifold as company’s next chief executive officer
CRH have announced the appointment of Jim Mintern as their next chief executive officer, succeeding Albert Manifold who has decided to retire at the end of 2024.
Mr Mintern is currently CRH’s chief financial officer and has been a director of the board since June 2021. He has more than 30 years’ experience in the building materials industry and 22 years with CRH, serving in various senior leadership roles.
CRH say 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, he led the strategic transition of CRH’s primary listing to the New York Stock Exchange.
Albert Manifold, who has held varied responsibilities with CRH since he joined in 1998, was appointed chief executive officer in January 2014. He will step down from the board and relinquish his executive responsibilities on 31 December but 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 calibre 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. Under his leadership CRH have 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 honour for me to be appointed the next chief executive officer at such an exciting time for CRH.
‘CRH have an impressive legacy of continuous growth and financial performance by providing value-enhancing solutions for their 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.’
