Black quits top CRH post just one year into newly-created role
THE chief operating officer of CRH's business in North America, Doug Black, announced he is leaving the group to pursue other interests after just over a year in what was a newly created role.
The departure of the former army officer comes as out-going CRH chief executive Myles Lee is set to be succeeded by group chief operating officer Albert Manifold at the end of the year.
Mr Black has worked with CRH's Oldcastle unit since 1995, when he joined as vice-president of business development.
He started his business career with consulting group McKinsey. Prior to that, he served as a US Army engineer officer between 1986 and 1990, completing construction projects in Central America and South America. He holds a degree in maths and engineering from the West Point military academy.
Serving as president of Oldcastle's pre-cast southeastern division between 1996 and 2000, Mr Black held a number of other senior roles before being appointed CEO of Oldcastle Materials, and later as COO of the Oldcastle Group.
Stock Exchange filings show that Mr Black sold 16,000 CRH shares at €16.16 apiece in August for a total gross gain of €258,000. He was left with almost 105,000 shares valued at €1.8m.
"We would like to express our appreciation to Doug for his significant contribution to the development of our North American business over a long career with Oldcastle and we wish him well," said Mr Lee.
Oldcastle Materials chief executive Randy Lake, Oldcastle Building Products boss Keith Haas, Oldcastle Building Products chief executive Bob Feury, and the chief executive of Oldcastle Distribution, Joe Myers, will now all report directly to Oldcastle chief executive Mark Towe.