Summary
CRH Public Limited Company (CRH) filed an 8-K report on April 26, 2006, to announce a significant change within its Directorate. Mr. John Wittstock, an executive Director and Managing Director of Europe Products & Distribution, has resigned from the CRH Board for personal reasons, effective April 26, 2006. While stepping down from the Board, Mr. Wittstock will remain with CRH, taking on the crucial role of leading MMI Products, Inc. The acquisition of MMI Products, Inc. was also announced by the Group on the same day. This strategic move positions MMI Products, Inc. as a foundational element for CRH's fifth product group within its Americas Products & Distribution Division. This acquisition is expected to serve as a major platform for expansion into product segments offering substantial organic and development growth opportunities. Mr. Liam Hughes will continue to serve as Acting Managing Director for Europe Products & Distribution. The company expressed gratitude for Mr. Wittstock's contributions and confidence in his new role.
Key Highlights
- 1Mr. John Wittstock resigns from the CRH Board of Directors for personal reasons, effective April 26, 2006.
- 2Mr. Wittstock will assume overall responsibility for MMI Products, Inc.
- 3CRH announced the acquisition of MMI Products, Inc. on April 26, 2006.
- 4MMI Products, Inc. will form the basis of CRH's fifth product group within its Americas Products & Distribution Division.
- 5The MMI acquisition is seen as a significant new platform for expansion in product segments with growth potential.
- 6Mr. Liam Hughes will continue as Acting Managing Director of Europe Products & Distribution.