CSR Limited CEO to step down in 2019

Date: 16 December 2018

CSR Limited (CSR) announced today that Rob Sindel has indicated his intention to step down as CSR’s Managing Director and CEO within the coming 12 months.

CSR Chairman John Gillam said “Rob has been an outstanding CEO. Over the past eight years, he has guided the Company through a number of complex and substantial transactions, as well as a difficult period in the building cycle.  Under his leadership the Company’s financial performance has improved dramatically, and he has set CSR up for success by building a more resilient business through diversification of building products’ earnings and the property portfolio.  Rob has improved employee and customer engagement across the organisation, as well as operational efficiency. He is extremely well regarded throughout the organisation as well as the industry.”

“Rob will be leaving the Company in a healthy position. Not only is the balance sheet strong, but we have a highly capable and well regarded senior executive team, with significant sector experience. The Company is well placed to move into the next chapter of its growth.”

“The Board has commenced a search to appoint a successor. This will include considering both internal and external candidates. We expect to provide a further update to the market on this process at the time of the full year results in May 2019.”

Mr Sindel said “I believe that next year will be the right time to hand over the leadership of the Company. I am reassured by the resilience within CSR’s core operations and there are exciting growth businesses within the expanded business products portfolio and the new digital platforms. The extensive property assets will drive significant value for shareholders over many years and CSR’s strong balance sheet will underpin future success.”

600450 CSR Limited CEO to step down in 2019 glassonweb.com

Others also read

Registration for the Building Envelope Contractors (BEC) Conference is now open! 24 years of tradition begins again this March.
The Glas Trösch stand in Basel was consistently designed in line with the Cradle to Cradle design philosophy. Still virtually under wraps, to be experienced up close at SWISSBAU.
Soft Tech and FeneTech will be included in a Window & Door Vertical group, following Compusoft Group's merger with 2020 Technologies.
Glass Futures would like you to be part of a great opportunity in supporting the industry in the form of an IS machine/ancillaries to showcase at our brand new facility.
Nicole Harris to represent trade associations within the National Association of Manufacturers (NAM)
Global architectural design competition opens Jan. 18.

Add new comment