Adbri has announced that effective from 28 February, Mark Irwin has been appointed to the role of chief executive officer.
Taking effect at the end of the interim CEO term and effective for a fixed term from 15th April 2023 to 1st October 2024, Irwin’s appointment is one of the multiple announcements that have come out from the company amongst the release of the 2022 Adbri annual report.
Current Adbri chairman, Raymond Barro, commented on the appointment of Irwin and their continuing role as CEO.
“Mark has held the position of Interim CEO from 17th October 2022 and has demonstrated an ability to quickly understand the complexities of our business,”Barro said.
“He is passionate about driving improvement, and we appreciate his willingness to extend his term and lead the Adbri team to deliver our key drivers to future success. I look forward to working with Mark to secure a bright future for Adbri.”
Commenting on the production across the industry, Irwin said that Adbri has made significant progress on a number of key initiatives.
“Demand for Adbri’s products remained strong, with volume growth delivered across most product lines and price increases driving 8.4% growth in revenue year-on-year to $1.7 billion,” Irwin said.
“Our full year profit result was impacted by higher operating costs caused by inflationary pressures and wet weather events.”
“Despite some significant operational headwinds during the year, the company made solid progress on a number of strategic initiatives, including our Kwinana Upgrade project, growth of our concrete and aggregates footprint through the Zanows acquisition, further recovery in our lime business, increased exposure to the infrastructure sector and divestment of some surplus land holdings.
“Although we anticipate cost headwinds to persist in 2023, we expect the demand environment to remain buoyant across the resources and construction sectors and that the benefits of price increases should rebuild resilience and margin in response to the challenging external operating environment,” Iwrin said.
To find the full report, visit the Adbri website here.