Boral (ASX:BLD) - CEO & Managing Director, Zlatko Todorcevski
CEO & Managing Director, Zlatko Todorcevski
Source: Financial Review
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  • Construction supplier Boral (BLD) has appointed Zlatko Todorcevski as CEO and Managing Director, effective from July 1, 2020
  • Zlatko will be taking over from Mike Kane, who is retiring in September
  • Zlatko has 30 years’ experience working in industries such as steel building, oil and gas, business planning and strategy, logistics, and finance
  • He has been Chief Financial Officer for Brambles, Oil Search and BHP, as well as Chair of Adelaide Brighton, Coles Group, and Star Entertainment
  • Zlatko has stated he will help Boral emerge as a strong business post COVID-19
  • Boral has ended the day a slight 1.72 per cent in the green with shares trading for $3.54 each

Construction supplier Boral (BLD) has appointed Zlatko Todorcevski as CEO and Managing Director, effective from July 1, 2020.

This date allows for a smooth transition period from current CEO and Managing Director Mike Kane who will be retiring in September.

“The board appreciates Mike Kane supporting Zlatko’s transition into the role, which will provide Zlatko with an opportunity to quickly understand the issued and assess the operational and strategic priorities within each division, focusing initially on Boral North America,” Chairman Kathryn Fagg said.

“We thank Mike for his leadership and for building a safer, more innovative, more resilient and better-positioned business today that at the time that Mike joined the company,” she added.

Zlatko has 30 years’ experience working in both Australia and internationally in industries such as steel building, oil and gas, business planning and strategy, logistics, and finance.

From 2009 to 2012, he was Chief Financial Officer (CFO) of Oil Search and was then CFO at Brambles from 2012 to 2016.

Prior to these roles, Zlatko had a 23-year stint at BHP across senior finance and business development roles. This lead up to the role of CFO for Energy at the company.

Since March 2017, Zlatko has been on the Board of Adelaide Brighton as Chairman and then Deputy Chairman and Lead Independent Director since May 2019.

He will step down from the construction materials company effective immediately.

Zlatko is also on the Coles Group Board, where he is the Chairman of the Audit and Risk Committee, and the Star Entertainment Group as the Chair of the Audit Committee.

He will transition off these roles in the upcoming months.

“It’s a great honour to be appointed as Boral’s next CEO and Managing Director. I see my job as helping to shape Boral’s future and ensuring that a company with such a proud 75-year history and heritage continues to thrive and prosper for many years into the future,” Zlatko commented.

“As the board made clear to me through the selection process, there are no sacred cows when it comes to our strategy and our portfolio. We will spend the next few months working on how to refocus Boral to deliver for our customers, our people and shareholders,” he said.

“As COVID-19 lockdowns ease in our key markets, we need to be sure that Boral is well placed to take advantage of opportunities currently in the pipeline or created through stimulus activities, and to emerge as a strong business ready to grow and deliver acceptable returns,” he added.

Boral has ended the day a slight 1.72 per cent in the green with shares trading for $3.54 each in a $4.265 billion market cap.

BLD by the numbers
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