Boral Limited
(ASX:BLD) will merge its construction materials and cement divisions into one business as part of ongoing restructuring initiatives.
CEO Mike Kane says the consolidation of the divisions reinforces the importance of the businesses in the Group’s portfolio.
Mr Kane says the integrated Boral Construction Materials and Cement division will be the company’s largest division and an important future growth platform.
As a result of the changes, Boral’s Divisional Managing Director of Construction Materials Murray Read has been made redundant and is set to depart the company on July 1
st.
Boral has appointed Joseph Goss, a metallurgist with a PhD in Materials Science, to embark on the role of Divisional Managing Director, Construction Materials and Cement.
Boral reported a net loss of $25.3 million for the first half of the 2013 financial year.
