8-KLeadership ChangesRegulation FDExhibits & Filings

CRH PUBLIC LTD CO 8-K Report, Executive Changes (Apr 17, 2025)

Filed April 17, 2025For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced a significant leadership change with the appointment of Nancy Buese as its new Chief Financial Officer, effective May 12, 2025. Ms. Buese brings a wealth of experience from her previous roles as CFO at prominent companies such as Baker Hughes and Newmont Corporation, and a strong background in public accounting. This appointment signals a strategic move to bolster the company's financial leadership as it navigates future growth and operational objectives. Investors can expect Ms. Buese's extensive financial expertise to contribute to CRH's fiscal strategy and execution. Her compensation package reflects her senior role, including a base salary of $1,000,000, a target annual bonus of 110%, and substantial equity incentives. The company has also outlined terms for severance and non-compete agreements, providing clarity on executive transition protocols.

Key Highlights

  • 1Nancy Buese appointed as the new Chief Financial Officer, effective May 12, 2025.
  • 2Ms. Buese has extensive prior CFO experience at Baker Hughes, Newmont Corporation, and MarkWest Energy Partners.
  • 3Alan Connolly will transition from Interim CFO to Director of Strategic Finance.
  • 4Ms. Buese's employment agreement includes an annual base salary of $1,000,000.
  • 5She is eligible for a target annual bonus of 110% of base salary and significant equity awards.
  • 6Ms. Buese will receive a $1,000,000 one-time cash bonus and a $2,000,000 RSU grant upon appointment.
  • 7The company detailed severance packages for termination without cause or for good reason, with enhanced terms in case of a change in control.

Frequently Asked Questions

Nancy Buese has been appointed as the new Chief Financial Officer of CRH, with her appointment effective May 12, 2025.

Nancy Buese has a strong financial background, having previously served as CFO for Baker Hughes and Newmont Corporation. She also has extensive experience at MarkWest Energy Partners and began her career in public accounting, rising to partner at Ernst & Young.

Nancy Buese will receive an annual base salary of $1,000,000, is eligible for a target annual bonus of 110% of base salary, and will receive significant equity awards, including a target grant date fair value of $4,000,000 for 2025. She will also receive a $1,000,000 one-time cash bonus and a $2,000,000 RSU grant.

Alan Connolly, the Interim Chief Financial Officer, will continue in his role until May 11, 2025. Following that, he will return to his previous position as Director of Strategic Finance at CRH.