Adbri Limited has announced that chief executive officer and managing director Nick Miller will be leaving the role.
In a leadership transition and trading update, leading construction materials and lime producer Adbri Limited, advised that chief executive officer and managing director Nick Miller will be leaving the position as CEO.
The company reports that Miller will step down as a director and the Board will work with him to transition his executive responsibilities in an orderly manner.
The Adbri Board wrote that it has determined it is an appropriate time for a change in leadership and additionally, the Board thanked Miller for their service, particularly during the challenges of Covid-19.
In place of Miller, senior executive Mark Irwin has been appointed as interim CEO and will start in the role from 18 October 2022.
Adbri chair, Raymond Barro, commented on the contributions of Miller and the change in strategy the company will employ.
“On behalf of the Board, I would like to thank Nick for his contribution to Adbri over the past few years, particularly for his leadership through the challenges presented by COVID-19,” Barro said, “We welcome Mark Irwin as interim CEO. Mark brings considerable experience to Adbri from senior executive roles within some of Australia’s leading listed industrial companies, including OZ Minerals, BHP, Asciano, Transfield and GrainCorp.
“Mark’s immediate priorities upon joining will be driving our commercial performance in all end markets to improve margins and offset cost pressures, while accelerating our cost reduction and operational efficiency initiatives. He will also focus on our capital deployment to ensure efficiency and effectiveness in the current environment, in order to deliver the best returns for shareholders.”
Irwin is set to be in the position as CEO for six months, during which time Adbri will commence an extensive recruitment process for a permanent CEO.