8-KLeadership ChangesRegulation FDExhibits & Filings

CRH PUBLIC LTD CO 8-K Report, Executive Changes (Sep 27, 2024)

Filed September 27, 2024For Securities:CRH

Summary

CRH Public Limited Company (CRH) has announced a significant leadership transition, with Jim Mintern appointed as the new Chief Executive Officer, effective January 1, 2025. Mr. Mintern, currently the Chief Financial Officer and a board member, brings over 30 years of experience in the building materials industry, with 22 years at CRH, including significant roles in acquisitions and divisional management. This internal promotion signals a focus on continuity and leverages deep institutional knowledge. Concurrently, the long-serving CEO, Albert Manifold, will retire from his executive and board positions on December 31, 2024. Mr. Manifold will remain with the company in an employee capacity until his full retirement on December 31, 2025, to ensure a smooth handover. His retirement is not attributed to any disagreements regarding the company's operations or finances. Specific details regarding Mr. Mintern's compensation as CEO are still to be determined and will be disclosed in a future filing.

Key Highlights

  • 1Jim Mintern appointed as new CEO, effective January 1, 2025.
  • 2Albert Manifold to retire as CEO and Board member on December 31, 2024.
  • 3Mr. Mintern has extensive experience within CRH, including his current role as CFO and previous leadership positions.
  • 4Mr. Manifold will transition to an employee role until December 31, 2025, to facilitate a handover.
  • 5Mr. Manifold's retirement is amicable and not related to any financial or operational disagreements.
  • 6Mr. Mintern's compensation as CEO has not yet been determined and will be disclosed later.
  • 7Mr. Mintern will remain on the Board of Directors.

Frequently Asked Questions

Jim Mintern has been appointed as the new Chief Executive Officer, effective January 1, 2025.

Mr. Mintern, age 57, is currently the Chief Financial Officer and has been a board member since June 2021. He has over 30 years of experience in the building materials industry, with 22 years at CRH, including prior roles as Chief of Staff to the CEO and various senior divisional management positions.

Albert Manifold will retire as Chief Executive Officer and from the Board of Directors effective December 31, 2024. He will continue as an employee of the company until his full retirement on December 31, 2025, to assist with the transition.

No, the filing states that Mr. Manifold's retirement is not the result of any disagreement with the Company with respect to any matter relating to the Company's financial controls, financial statements, operations, policies, or practices.

The terms of Mr. Mintern's compensation as Chief Executive Officer have yet to be determined. CRH will file an amendment to this Form 8-K once this information is finalized.