22 May 2012
Boral's Chief Executive Steps Down
The Board of Boral Limited (ASX:BLD) today announced that the
Chief Executive, Mr Mark Selway, will step down from his role
effective immediately. He will remain in employment with the
Company until
31 July 2012 to assist with transition arrangements. Ross
Batstone, currently Divisional Managing Director Boral
Building Products, has been appointed Acting Chief Executive
Officer while a global search for a successor to Mr Selway is
undertaken.
Dr Bob Every, Boral's Chairman, said, "Over the last two
years Boral has undergone significant restructuring including
closure of non-performing businesses, a significant focus on
lean manufacturing processes, re-emphasis on sales and
marketing and investment in innovation and growth.
"While operational improvements throughout Mark's tenure have
been excellent, the Board has decided that the stewardship of
the Company going forward requires a Chief Executive with a
leadership style suited to harmonising the changes that have
occurred over the last two years throughout the Company.
"The Board has confidence that Ross has the necessary skills
and experience to lead Boral until a successor to Mark is
chosen. I look forward to working actively with Ross and the
rest of the management team during this transition phase to
ensure that the Company consolidates the benefits of the
restructuring that has taken place over the last two years,"
Bob said.
Immediate priorities will be to continue the current
strategic initiatives of:
- Lean manufacturing,
- Sales & Marketing Excellence,
- Investment in innovation and growth, and
- Further integration of Boral Gypsum Asia.
Biographical details for Ross Batstone are attached.
Dr Every thanked Mr Selway for his contribution to Boral
since his appointment.
Penny Berger Mark Gell
Group Communications & Investor Relations Manager Principal, Gell Southam Group
Tel: 02 9220 6591 Tel: 0419 440 533
Boral Limited ABN 13 008 421 761 - GPO Box 910 Sydney NSW 2001 - www.boral.com.au
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Boral's Chief Executive Steps Down
ROSS BATSTONE - BIOGRAPHICAL DETAILS
Ross was appointed Divisional Managing Director of Boral
Building Products in July 2010. The Boral Building Products
Division includes Plasterboard (Australia and Asia), Clay &
Concrete Products and Timber. Ross was previously
Boral's Divisional General Manager, Plasterboard
Australia from 1996 to
2000 before becoming Executive General Manager of the
Plasterboard division from 2000 to 2010. He was Boral's
Divisional General Manager, Roofing from 1991-1995. He was
Chief Executive Montoro Resources Ltd from 1988-1990 and held
various roles at Shell Company of Australia from 1970-1987.
He holds Chemical Engineering and Commerce degrees from the
University of Queensland.
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