Senior management changes at CRH - May 2006
22 May 2006
CRH plc announces the following senior management changes at Oldcastle Inc., the holding company for CRH’s American operations which have annualised sales of approximately US$10 billion. These changes are effective 1 July 2006.
Joe McCullough, Chief Executive Officer (CEO) Oldcastle Products and Distribution, will retire as planned at the end of June. Joe will continue to act in a non-executive advisory role as Chairman of Oldcastle Building Products.
Tom Hill is appointed CEO Oldcastle Inc. Each of Oldcastle’s Product Groups will report directly to him in Atlanta. Currently CEO of Oldcastle Materials, Tom joined CRH in 1980, and has managed Oldcastle Materials through much of its growth, having been President since 1991 and CEO since 2000. He joined the CRH Board in 2002.
Mark Towe succeeds Tom as CEO Oldcastle Materials. Mark joined Oldcastle as Chief Operating Officer of the Materials Group in 1997, becoming President in 2000. Prior to joining the Group, he held a number of senior management positions in the US aggregates industry.
Doug Black is appointed President and Chief Operating Officer of Oldcastle Materials. Doug joined Oldcastle as VP Development in 1995 from the management consultancy sector, and subsequently as a regional manager in the Oldcastle Precast Group before assuming his current position as CEO Oldcastle Architectural Products Group in 2002.
Bill Sandbrook, President Oldcastle Materials West since 2003, becomes CEO Oldcastle Architectural Products Group. This role will additionally have responsibility for CRH’s existing products businesses in South America. Bill was a senior manager at Tilcon when it was acquired by Oldcastle in 1996 and became President Oldcastle Materials New York/New Jersey before moving to his current role in the West.
John Parson is appointed President Oldcastle Materials West. John spent his career with his family’s business, the Jack B. Parson Company, which Oldcastle acquired in 1996. Since 2003 he has been President of Staker-Parson, Oldcastle’s materials business in Utah, Idaho and Oregon.
Commenting on these changes, Liam O’Mahony, CRH Chief Executive said:
“Joe McCullough has made an enormous impact on CRH in his 27 year career - particularly from 1991 to 2002 in founding and growing Oldcastle Architectural Products into the national leader in its field; subsequently as CRH Development Director in Dublin, and more recently in heading up the US$6 billion Oldcastle Products and Distribution business. We thank him for his contributions and wish him well in his retirement. I also congratulate Tom, Mark, Doug, Bill and John on their appointments; I am confident that in their new roles they and their colleagues will lead Oldcastle to continued success in the future”.