CRH Public Limited Company supplies building materials used in infrastructure and construction projects. Company news commonly covers operating and financial results, annual reporting, proxy materials, and shareholder voting matters, along with capital allocation updates such as ordinary share repurchases.
CRH updates also include capital-structure and listing matters. The company completed the cancellation of its London Stock Exchange listings for ordinary shares and 7% preference shares, and its ordinary shares are now solely listed on the New York Stock Exchange under the ticker CRH.
CRH plc has appointed Richard Fearon and Lamar McKay as non-executive Directors effective December 3, 2020. Fearon, currently Vice Chairman and Chief Financial Officer at Eaton, brings extensive experience in strategic planning and operational management. McKay, previously Chief Transition Officer at BP, has a wealth of experience in safety and operational risk management. Chairman Richie Boucher highlighted their expertise in capital-intensive industries, which will aid CRH's strategic execution and shareholder value enhancement.
CRH announced the upcoming retirement of Senan Murphy, Group Finance Director, during 2021. The Board is now commencing a search for a successor. Senan will remain in his role until a successor is appointed to ensure a smooth transition and will act as an advisor post-transition. CEO Albert Manifold acknowledged Senan's valuable contributions during his five-year tenure, particularly during a significant period of change for the company.
Ash Grove, a CRH company, is launching a major transformation project at its Port Manatee terminal in Florida to enhance cement import capacity. The initiative will involve installing a new high-capacity ship unloader, upgrading material transfer and electrical systems, and introducing self-loading capabilities. Expected to commence in early 2021 and complete by year-end, this project aims to improve operational efficiency and environmental performance. With positive market fundamentals driven by population and employment growth, the upgrade will position Ash Grove to meet the increasing demand in Florida and South Georgia.