Adelaide Brighton is looking for a new chief executive

Company News

by Rachael Jones

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Last Updated: 21/02/2020 1:40 PM

Australia's biggest cement company, Adelaide Brighton (ASX:ABC) is looking  for a new chief executive after current boss Martin Brydon announced he is to retire.

Mr Brydon has been chief executive for four years and will stay with the business until a new chief executive is found.

He reported that in 2017, full year revenue grew 11.7 per cent to a record for Adelaide Brighton of $1.56 billion.

This was 10 per cent above the previous high in 2015 and achieved despite softer demand in Western Australia and the Northern Territory.

Adelaide Brighton employs a diverse workforce of more than 1500 people across approximately 130 locations throughout Australia.

Shares in Adelaide Brighton (ASX:ABC) are down 0.15% to $6.61.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.