CRH names insider as new chief

CRH has appointed chief operating officer Albert Manifold to replace retiring chief executive Myles Lee at the end of the year, the Irish firm said yesterday. Manifold, a 50-year-old former accountant, has been COO and a member of the company’s board of directors since 2009. Lee announced earlier this year that he would retire after helping to build CRH into one of the world’s largest building materials providers during 32 years at the company.