8-K

CRH PUBLIC LTD CO 8-K Report (Sep 18, 2013)

Filed September 18, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced a significant management change within its U.S. operations on September 18, 2013. Doug Black, the Chief Operating Officer of Oldcastle, Inc. (CRH's American holding company), is departing the company to pursue other opportunities. This move necessitates a restructuring of leadership reporting within the Americas. In response to Mr. Black's departure, CRH has realigned the reporting structure for key U.S. business units. Randy Lake (CEO of Oldcastle Materials), Keith Haas (CEO of Oldcastle Building Products), Bob Feury (CEO of Oldcastle Distribution), and Joe Myers (President of Oldcastle Building Solutions) will now report directly to Mark Towe, the Chief Executive of Oldcastle. CRH leadership expressed gratitude for Mr. Black's contributions and confidence in Mark Towe and his team to continue the development of the company's American business.

Key Highlights

  • 1Doug Black, COO of Oldcastle, Inc. (CRH's U.S. holding company), is leaving the group.
  • 2The departure is for Mr. Black to pursue other interests.
  • 3Randy Lake, Keith Haas, Bob Feury, and Joe Myers will now report directly to Mark Towe, CEO of Oldcastle.
  • 4This change affects the leadership structure within CRH's significant Americas operations.
  • 5CRH leadership thanked Doug Black for his contributions to the North American business.
  • 6CRH expressed confidence in Mark Towe and his team to lead the Americas operations.
  • 7The announcement was made via Form 6-K filed on September 18, 2013.

Frequently Asked Questions

The main reason for this announcement is the departure of Doug Black, Chief Operating Officer of Oldcastle, Inc., which is the holding company for CRH's interests in the Americas. He is leaving to pursue other interests.

As a result of Doug Black's departure, several key U.S. business leaders will now report directly to Mark Towe, the Chief Executive of Oldcastle. These leaders include Randy Lake (CEO of Oldcastle Materials), Keith Haas (CEO of Oldcastle Building Products), Bob Feury (CEO of Oldcastle Distribution), and Joe Myers (President of Oldcastle Building Solutions).

CRH's Chief Executive, Myles Lee, expressed appreciation for Doug Black's significant contributions to the development of their North American business over his career and wished him well. The company also expressed confidence in Mark Towe and his team to continue leading and developing the operations in the Americas.

This filing (Form 6-K) primarily reports a change in executive management. While significant leadership changes can impact strategy and future performance, this specific announcement does not appear to involve immediate material financial changes or restatements of financial results.