Myles Lee to retire at end of 2013

CRH plc announce group chief executive’s intention to retire at the end of this year 

CRH plc, the Dublin-based international building materials group, have announced that group chief executive Myles Lee is to retire from the company at the end of 2013.

Mr Lee’s decision to retire at the age of 60 follows completion of a five-year term as chief executive and 10 years as an executive director.

Having joined CRH in 1982, Mr Lee (pictured) joined the board as finance director in November 2003 and was appointed chief executive in January 2009.

Commenting on the announcement, CRH’s chairman, Nicky Hartery, said: ‘Myles has contributed very significantly over an extended period to the development and progress of CRH and continues to do so.

‘By advising the board of his decision well in advance of retirement, Myles has, in line with long-established CRH practice, facilitated the planning and management of his succession in an ordered and timely fashion.’

CRH’s board has appointed a committee, chaired by Mr Hartery, to conduct the search for a successor to Mr Lee.