28th Feb 2019 13:26
LONDON (Alliance News) - CRH PLC on Thursday announced Non-Executive Director Don McGovern will step down from its board after the annual general meeting on April 25.
McGovern has served on CRH's board for six years.
Chair Nicky Hartery said: "On behalf of the board I would like to thank Don for his commitment to CRH over his six years on the board, and in particular for his service as senior independent director and as chairman of the remuneration committee. We wish him every success in the future."
The stock was 1.2% higher on Thursday at a price of 2,387.00 pence a share.
Irish building materials firm CRH earlier Thursday reported strong earnings growth as it performed well in both the Americas and Europe.
CRH's earnings before interest, tax, depreciation, and amortisation for 2018 came in at EUR3.37 billion, 7% higher on 2017, and slightly ahead of its own EUR3.35 billion guidance.
The company's pretax profit was EUR1.86 billion, slightly lower than the EUR1.87 billion reported in 2017.
Sales revenue in 2018 rose 6% to EUR26.79 billion, with like-for-like sales rising 3%.
CRH is to pay a final dividend of 52.4 euro cents, taking the total to 2018 to 72 cents, up 5.9% from 68 cents paid in 2017.
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