CRH chief executive Liam O’Mahony is to stay in his post for at least two more years, shareholders were told at the annual general meeting of the group yesterday.

Chairman Pat Molloy pointed out that while normal practice had seen previous chief executives retire when they reached the age of 60, "there was not a rigid policy in this regard."

Mr O’Mahony has been at the helm of the company for six years and has agreed to stay on in the role until the middle of 2008.