People

Ireland: Mark Towe has confirmed his intention to retire from the CRH Board at the end of 2016. Towe, who joined CRH in 1997 and was appointed a CRH Director in July 2008, will continue in his role as Chairman, CRH Americas.

UK: Hanson Cement has appointed Mark Hickingbottom as its national commercial director for bulk cement and Andy Simpson as its national commercial director – packed. The appointments follow the recent retirement of commercial director Keith Ellis.

Hickingbottom has sales and marketing experience within Hanson’s bulk cement team, as well as a degree in Business Management. He is an associate member of The Institute of Concrete Technology and has spent over 12 years at Hanson delivering strategic plans across its product range.

Simpson, previously responsible for sales of all Hanson’s packed products, will build on developing trading relations with merchant customers as well as working with internal teams. He has over 15 years’ experience with Hanson and holds a degree in Business Studies.

South Africa: Modilati Gustav Mahlare is to retire from Sephaku Holdings at its annual general meeting (AGM) to be held in September 2016. Mahlare has served on the company’s board as chairman of the audit and risk committee for three consecutive terms. He is not eligible for re-election. MJ Janse van Rensburg has been recommended to replace Mahlare. Her appointment will be subject to shareholder approval at the AGM.

Janse van Rensburg has served as the Chief Financial Officer and, later, Chief Executive Officer at the Trans Caledon Tunnel Authority between 1994 and 2008. Prior to this she worked as a non-executive director for the Bond Exchange of South Africa, the Airports Company of South Africa, the Johannesburg Water Department and Denel, during which time she also fulfilled the role of a member or chairman of the respective audit committees. She is currently a non-executive director of the Development Bank of South Africa and a non-executive member of the Credit Committee overseeing Africa and India at First National Bank.

Sephaku Holdings holds a 36% stake in Sephaku Cement. The remainder is held by Nigeria’s Dangote Cement.

US: Martin Marietta Materials has elected two new directors to its board. John J Koraleski, former Chairman of the Board of Directors and CEO of Union Pacific Corporation, was elected to Martin Marietta's Board of Directors on 15 August 2016. Koraleski, aged 65 years, also served as Executive Chairman of the Board of Directors for Union Pacific from February 2015 until his retirement in September 2015. Koraleski will serve on Martin Marietta's Audit Committee, Management Development and Compensation Committee, and Executive Committee.

At its Annual Meeting of Shareholders in May 2016, Donald W Slager was elected to Martin Marietta's Board of Directors. Slager, aged 54 years, is President and CEO of Republic Services, as well as a member of its Board of Directors. Slager will serve on Martin Marietta's Finance Committee and Ethics, Environment, Safety and Health Committee.

The two new directors fill the seats previously held by Frank H Menaker, Jr and Richard A Vinroot, both of whom reached the mandatory retirement age provided in Martin Marietta's bylaws. They were not eligible for election at the 2016 Annual Meeting of Shareholders and retired from the Board after 23 and 20 years of service to the company, respectively.

Martin Marietta's 10-member Board of Directors now consists of nine outside directors.

Germany: Vivek Bhatia has been appointed as the CEO of ThyssenKrupp Asia Pacific with effect 1 October 2016. He succeeds Stefan Schmitt, who will move to ThyssenKrupp AG as Head of Human Resources Strategy.

Bhatia, aged 38 years, has been Head of Strategy, Markets and Development at the Regional Headquarters in Singapore since May 2014. Prior to this he advised industrial businesses on their strategy and operations, as part of the Boston Consulting Group for several years. He earlier gained experience in the oil and gas Industry as part of Engineers India.