Boral Limited (ASX:BLD) chief executive officer Mark Selway has resigned from his position effective immediately and will be temporarily replaced with divisional managing director of Boral building products Ross Batstone.
A global search for a successor will be undertaken. Boral’s chief says the stewardship of the company going forward requires a chief executive with a leadership style suited to harmonising changes.
The building and construction materials manufacturer says its immediate strategic priorities include investment in innovation and growth and further integration of Boral Gypsum Asia.
Boral downgraded its full-year profit guidance earlier this year, blaming poor weather conditions and poor construction activity.
In 2012 financial year, Boral generated a net profit of $150.8 million.
