The Dublin parent company of CRH Americas Materials Solutions, Ash Grove Cement, Oldcastle APG and Oldcastle Infrastructure has appointed Chief Financial Officer Jim Mintern as successor to Albert Manifold, who will cap an even 11 years as chief executive officer at the end of 2024. Mintern is a 22-year CRH Plc veteran who has held various senior leadership roles and was named a director in 2021. The board credits his deep industry knowledge and track record of developing people and teams, coupled with an extensive portfolio of management, financial and capital markets expertise. In the latter area, he led the September 2023 transition of CRH’s primary listing from the London Stock Exchange to the New York Stock Exchange.
“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 carefully monitored the development plans for potential internal candidates,” says CRH Chairman Richie Boucher. “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 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.”
“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 Manifold’s leadership, it has delivered superior growth and performance with consistently improving profitability, cash generation and returns,” he adds.
“CRH has an impressive legacy of continuous growth and financial performance by providing value enhancing solutions for its customers,” affirms Mintern.” 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 shareholders.”
Manifold will serve in an advisory role for 12 months after stepping down from the board and relinquishing executive duties on December 31. He joined CRH in 1998 and was appointed chief executive officer in 2014.