James Hardie CFO resigns
Board director Anne Lloyd has been named interim CFO.
Building products manufacturer James Hardie Industries plc announced Chief Financial Officer and Executive Vice President Matthew Marsh has resigned from the company to pursue other opportunities.
James Hardie’s CEO Jack Truong said, “I want to thank Matt for his contributions to James Hardie over the past six years and wish him the best of luck in his future endeavors.”
The company also announced today the appointment of Anne Lloyd as the company’s Interim CFO, effective immediately.
Lloyd, an experienced corporate and finance executive, has been a member of the company’s Board of Directors since November 2018. Previously, Lloyd served as CFO of Martin Marietta Materials, Inc. a supplier of aggregates and heavy building materials, for over 12 years from June 2005 until her retirement in August 2017.
She joined Martin Marietta in 1998 and served in a number of corporate finance roles prior to becoming CFO, including controller, chief accounting officer and treasurer. Earlier in her career, Lloyd spent 14 years with Ernst & Young LLP.
As Interim CFO, Ms Lloyd will report directly to the CEO and continue to serve on the Board of Directors, but will no longer serve as a member of the audit committee.
“Anne’s significant executive experience and her knowledge of James Hardie as a board member for the past year provides the Company with a strong leader to ensure seamless continuity while we conduct our search for a new CFO who will help lead the strategic growth initiatives of the company going forward,” Truong said.
James Hardie said the search for a new CFO will commence immediately.
Earier this month, James Hardie reported first quarter 2020 net sales of $656.8 million, an increase of just 1% compared to the previous first quarter.
No comments found