Dr Jack Truong, currently the Company’s President – International since April 2017, will succeed long-standing CEO Louis Gries as the incoming CEO of James Hardie Industries.
Dr Truong, who continues to be based out of North America, will be formally appointed to the CEO role toward the end of the company’s 2019 fiscal year, at which time Mr Gries will step down as CEO and from the Board.
The Board has determined that a structured transition is in the best interest of shareholders and an approximate six month handover period has been established, during which time Mr Gries will remain in the CEO role and Dr Truong will become President and Chief Operating Officer with the responsibility of running the Group’s global business. He currently has responsibility for the operations of the Asia Pacific Fiber Cement business and the Europe Building Products business.
Reflecting on the decision to appoint Jack, James Hardie Chairman, Michael Hammes, said: “The Board has selected Jack following a rigorous and extensive process that included a strong field of internal candidates.
“The decision considered the transition from Louis’ immensely successful 13-year tenure as CEO of James Hardie and the requirement for the incoming candidate to possess strong operational experience and industry knowledge.
“Jack offers the ideal combination of commercial expertise, operational excellence, and leadership in order to continue to grow the business and maintain the industry-leading performance, across multiple geographies, established by Louis over a long period.”
Commenting on his appointment, Dr Truong said: “It is an honor to be asked by the Board to succeed Louis as CEO of James Hardie. I have had the privilege of working with him for the last couple of years in positioning James Hardie for significant international growth in Asia Pacific and Europe. Louis’ depth of industry expertise is unrivalled and I look forward to having his knowledge available to me during the transition.”
Mr Gries commented: “It has been a privilege to work for James Hardie the past 27 years and to have the opportunity to lead the company over the last 13 years.
“In Jack we have a strong and capable executive to lead James Hardie’s strategic direction, and the company’s operational and financial performance into the future. I hope to be of great value in my ongoing support of Jack.”
This story was first published in The Fence magazine.