Saturday 19 October 2019

CRH appoints ex-BoI boss as chairman

Richie Boucher of CRH
Richie Boucher of CRH
Ellie Donnelly

Ellie Donnelly

CRH has appointed ex-Bank of Ireland chief Richie Boucher as its next chairman. The upper echelons at CRH are increasingly heavy with Bank of Ireland veterans. Andrew Keating, who served as chief financial officer at

Bank of Ireland when Richie Boucher was CEO is set to join CRH as a senior executive, where he'll report to CRH finance director Senan Murphy,who was Bank of Ireland chief operating officer until 2015 where he worked alongside Boucher and Keating.

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Both Senan Murphy and Andrew Keating were potential successors to Richie Boucher at Bank of Ireland, where the job ultimately went to outsider Francesca McDonagh.

Mr Boucher (61), who joined CRH's board in 2018 takes over from Nicky Hartery on January 1, 2020.

At Bank of Ireland pay is capped at €500,000 a year, though with exceptioons made for both Mr Boucher and his successor. At CRH's agm in April, Mr Boucher defended the €8.2m pay package of CEO Albert Manifold, saying it reflected the group's performance and scale.

CRH has also appointed Johan Karlström as non-executive director, he was CEO of Skanska, a multinational construction company, until 2017.

Irish Independent

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