Jim Mintern (right) will be the next chief executive officer, succeeding Albert Manifold (left) who retires at the end of 2024. Image: CRH
CRH has revealed its next chief executive officer after Albert Manifold announced his decision to retire at the end of the year.
Manifold will retire as CRH’s chief executive officer after serving in the role since January 2014. He has held various roles within the company since he first joined in 1998. As part of the transition plan, Manifold will remain an advisor to CRH for another 12 months after he relinquishes the top job on December 31.
“It has been a privilege to lead CRH. I am profoundly grateful to my colleagues within the business and on the board for their commitment and support over the years as the entire team has strengthened and grown our company, positioning CRH for a bright future ahead,” Manifold said.
Richie Boucher, chairman of CRH, added: “CRH has made enormous progress thanks to Albert’s clear vision and his leadership of a talented, hard-working team. CRH is a very focused, high performing group and is recognised by its customers as the industry’s leading provider of innovative building materials solutions.
“Under Albert’s leadership CRH has delivered superior growth and performance with consistently improving profitability, cash generation and returns.”
The company has announced Jim Mintern will take over as chief executive officer of CRH following Manifold’s departure at the end of the year.
Mintern currently serves as the chief financial officer of CRH and has been a director on its board since June 2021. He has worked for CRH for 22 years in various roles and has more than 30 years of industry experience.
Boucher said Mintern possessed many qualities which will make him a strong performer in his new role.
“The Board has a significant focus on succession planning throughout CRH. With the support of independent advisors, we have followed best practice, including a review of external candidates, and we have carefully monitored the development plans for potential internal candidates,” he said.
“Over recent years we have closely observed Jim’s character, qualities and abilities, as well as his significant influence on the evolution of CRH.
“We are very pleased to have a successor of such caliber and are confident that Jim is best positioned to lead the CRH team, building the future of the company for the benefit of our investors, customers, colleagues and communities.”
Mintern led CRH’s transition of its primary listing to the New York Stock Exchange.
“It is an incredible honor for me to be appointed the next CEO at such an exciting time for CRH,” Mintern said.
“CRH has an impressive legacy of continuous growth and financial performance by providing value enhancing solutions for its customers. I look forward to working alongside our highly talented team as we build on this foundation and continue to successfully grow the business while delivering exceptional returns for our shareholders.”
Manifold welcomed his successor’s appointment to lead the company into a new era.
“I am pleased that Jim, who has a deep understanding of CRH, will succeed me when I retire at the end of this year. This will be his time,” he said.
“Jim’s experience, capabilities and ambition for the business ideally position him to lead the CRH team forward through an era of enormous opportunity.”
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