Last Updated: Thursday, June 26, 2008, 07:26

CRH appoints new US chief executive

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Irish building materials giant CRH has appointed Mark Towe as chief executive officer of its Americas division to replace Tom Hill, who is stepping down.

Mr Towe ( 58) will take up the position from July 31st. He is currently chief executive of CRH's Americas Materials Division.

Mr Towe will be succeeded by Doug Black (43) who is the president and chief operating officer of Americas Materials.