8-K

CRH PUBLIC LTD CO 8-K Report (Dec 3, 2020)

Filed December 3, 2020For Securities:CRH

Summary

CRH Public Limited Company announced on December 3, 2020, the appointment of two new non-executive Directors to its Board: Mr. Richard Fearon and Mr. Lamar McKay, both effective December 3, 2020. These appointments are intended to strengthen the Board's expertise in key areas relevant to CRH's global operations and strategic execution. Mr. Fearon brings extensive financial and strategic planning experience from his long tenure at Eaton Corporation plc, including roles as Vice Chairman and Chief Financial and Planning Officer. Mr. McKay has a distinguished career at BP plc, holding senior executive positions and overseeing significant operational divisions and strategic initiatives. The Chairman of CRH, Richie Boucher, highlighted that both new directors possess deep financial and operational expertise from capital-intensive, global industrial businesses, with valuable knowledge of CRH's markets, risk management, and sustainable business practices, which will aid in driving shareholder value.

Key Highlights

  • 1Appointment of two new non-executive Directors: Richard Fearon and Lamar McKay, effective December 3, 2020.
  • 2Richard Fearon has significant financial, strategic planning, and operational experience from Eaton Corporation plc.
  • 3Lamar McKay brings extensive experience in senior executive roles at BP plc, including upstream operations, strategy, and sustainability.
  • 4Both appointees have strong backgrounds in capital-intensive, global industrial businesses.
  • 5Their expertise is expected to enhance CRH's strategic execution and drive shareholder value.
  • 6The appointments are intended to leverage their knowledge of CRH's markets, risk management, and sustainable business practices.

Frequently Asked Questions

The primary purpose of appointing Mr. Richard Fearon and Mr. Lamar McKay as non-executive Directors is to enhance the Board's expertise in financial, operational, and strategic matters, particularly within global industrial businesses. Their experience is expected to support CRH's strategy execution and drive shareholder value.

Mr. Richard Fearon brings extensive financial and planning experience from his roles at Eaton Corporation plc, including Vice Chairman and Chief Financial and Planning Officer. Mr. Lamar McKay has a distinguished career at BP plc, holding senior executive positions in areas like upstream operations, strategy, and sustainability. Both have deep knowledge of capital-intensive global industries.

While the filing doesn't detail specific strategy shifts, CRH's Chairman indicated that the directors' knowledge of markets, risk management, and sustainable business practices will be a valuable resource as CRH continues to execute its strategy and drive shareholder value, suggesting a supportive rather than directive impact on current strategic direction.

The appointments of both Mr. Richard Fearon and Mr. Lamar McKay as non-executive Directors are effective as of December 3, 2020.