PRODUCT PROFILE

Latest Dublin Prices

Myles Lee to retire as CRH boss

Tuesday, February 26 11:01:53

CRH plc, the international building materials group, announced today that Myles Lee, Group Chief Executive, has confirmed to the Board his intention to retire from CRH at the end of this year.

This comes as Mr Lee reached the age of 60 and following completion of a five year term as Chief Executive and ten years as an Executive Director.

Mr Lee joined CRH in 1982, joining the Board in November 2003 as Finance Director, later becoming Chief Executive in January 2009.

Commenting on this, the Chairman Nicky Hartery said, "Myles has contributed very significantly over an extended period to the development and progress of CRH and continues to do so. By advising the Board of his decision well in advance of retirement, Myles has, in line with long-established CRH practice, facilitated the planning and management of his succession in an ordered and timely fashion. The Board has appointed a Committee, chaired by myself, to conduct the search for a successor to Myles."