CRH has chosen Richard Boucher to succeed Nick Hartery as chairman designate from 1 January 2020. Hartery, who has been chairman since May 2012 and board member since 2004, will retire on 31 December.
Boucher joined the CRH board in March 2018 and has been chairman of CRH’s remuneration committee since September 2018. He was chief executive of Bank of Ireland between February 2009 and October 2017. He also held a number of key senior management roles within Bank of Ireland, Royal Bank of Scotland and Ulster Bank. He is a nonexecutive director of Kennedy Wilson Holdings and Eurobank Ergasias.
Additionally, the board has appointed Johan Karlström as a non-executive director
Karlström was president and chief executive officer of Skanska, a multinational construction and project development company until 2017. Over his thirty-year career, he held a variety of leadership roles in Europe and America, before becoming president and chief executive in 2008. He also served as president and chief executive officer of BPA (now Bravida), a listed mechanical and installation group from 1996 to 2000. Karlström is a non-executive director of Sandvik.
Hartery says: “The appointments announced today are important steps in the ongoing process of board renewal. Richie’s appointment as chairman designate follows a robust and thorough selection process led by CRH’s senior independent director, Gillian Platt. With a track record of creating value for shareholders, he is ideally equipped to lead the board through the next phase of the group’s development. We are also delighted that Johan has joined the Board. His background and his knowledge of our industry will be an important addition to the collective skills and experience of the board.”
CRH’s chief executive Albert Manifold, says: “On behalf of the board, I want to thank Nicky for the significant contributions he has made during his service on the board, including his stewardship following the financial crisis and overseeing the significant reshaping of CRH’s portfolio and our ongoing business improvement initiatives during his tenure as chairman.”