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NEW YORK - CRH plc (NYSE:CRH), a global leader in building materials solutions, announced the appointment of Alan Connolly as Interim Chief Financial Officer, set to take effect from January 1, 2025. This move comes as part of a planned leadership transition, with current CFO Jim Mintern preparing to step into the Chief Executive Officer role at the same time.
Connolly, who is a seasoned Chartered Accountant, brings over 30 years of financial experience within CRH, having served in various senior finance positions in the company's operations across Europe and the Americas. His most recent position was as Director of Strategic Finance. Prior to his tenure at CRH, Connolly worked as an auditor at KPMG.
The decision follows an earlier announcement on September 24, 2024, detailing Mintern's upcoming promotion to CEO. A thorough search for a permanent CFO successor is currently underway, with the assistance of an independent recruitment consultant and consideration of both internal and external candidates.
In a statement, the incoming CEO Jim Mintern praised Connolly for his extensive expertise and deep understanding of CRH's business dynamics. Mintern expressed confidence in their continued collaboration to further CRH's strategic goals and deliver shareholder value during this interim period.
CRH is recognized for its substantial presence in the building materials industry, employing about 78,500 people across roughly 3,390 locations in 28 countries. The company holds significant market positions in North America and Europe and is involved in key projects related to transportation, utility infrastructure, and non-residential construction. CRH is also noted for its strong performance in Environmental, Social, and Governance (ESG) ratings and is listed on both the New York and London stock exchanges.
This leadership transition is part of CRH's ongoing commitment to strategic growth and operational excellence. The search for a permanent CFO is a testament to the company's meticulous approach to governance and leadership development.
The information in this article is based on a press release statement from CRH plc.
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