Boral announces new CEO, Australia

Boral announces new CEO, Australia
Published: 18 September 2012

Mike Kane has been appointed Chief Executive Officer and Managing Director of Boral Limited, effective 1 October 2012.

Mike Kane will replace Ross Batstone who became Boral’s Chief Executive Officer in May 2012 when Mark Selway stood down from the role. At that time the Board commenced a comprehensive international search for a new Chief Executive Officer.

Mr Kane joined Boral in February 2010 in the role of President Boral USA. He has spent the past two and half years significantly realigning the US business to the changed market conditions and positioning Boral to take full advantage of the US market recovery.

Commenting on Mr Kane’s credentials, chairman of Boral Ltd Dr Every said: “Mike has a deep understanding of the US building and construction materials industry and has been doing an excellent job leading the US business through the most difficult period in the last 60 years of the US housing market.

Mike has delivered substantial improvements to the underlying business in the US at the same time as introducing innovative new technologies and integrating two key strategic acquisitions that position the business well for the future.

“Mike’s proven track record in managing businesses through cycles and his stewardship of Boral’s US operations during a period of extremely difficult market conditions while delivering substantial operational improvements is critically important to Boral going forward.”