Boral Limited
(ASX:BLD) has appointed Mike Kane as its new Chief Executive of its US operations.
Former chief Mark Selway stood down in May this year after rumours he had lost support from the board.
Mr Kane who joined Boral in 2010 as President of Boral USA, says his immediate priority is to strengthen Boral’s financial position by maximising cash generation.
The construction manufacturer revealed it had firmed its full year net profit by 5.3 per cent last month.
Boral generated a net profit of $177.7 million in the 2012 financial year.
