CRH plc has announced the appointment to the Board of Richard Fearon and Lamar McKay as non-executive Directors, with effect from 3 December 2020.
Richard Fearon (64), a US citizen, is currently the Vice Chairman and Chief Financial and Planning Officer of Eaton Corporation plc, a global power management company, roles he has held since 2009 and 2002, respectively. Mr. Fearon has responsibility and oversight for a number of key operational and strategic functions at Eaton, including accounting, control, corporate development, information systems, internal audit, investor relations, strategic planning, tax and treasury functions. He will retire as an executive and from the Board of Eaton at the end of March 2021. Prior to joining Eaton, Mr. Fearon served in development and strategic planning management positions at several large diversified companies, including as Senior Vice President of Corporate Development at Transamerica Corporation, General Manager of Corporate Development for Singapore-based NatSteel Ltd and Director of Strategic Planning at The Walt Disney Company. He has also served as a management consultant at the Boston Consulting Group, Booz Allen Hamilton and Willow Place Partners.
Mr. Fearon serves on the Boards of Avient Corporation, where he is the Lead Director, and Crown Holdings. He holds a Bachelor of Arts in Economics from Stanford University, a Master’s of Business Administration from Harvard Business School and a Juris Doctorate from Harvard Law School.
Lamar McKay (61), a US citizen, was until July 2020 Chief Transition Officer of BP plc. During a 40 year career in Amoco and subsequently with BP, following the merger of the two companies, Mr. McKay held a variety of senior executive roles, including responsibility for BP’s interests in the TNKBP joint venture, Chairman and CEO of BP Americas (during which period he acted as President of the Gulf Coast Restoration Organization and Chief Executive Officer for BP’s world-wide Upstream Division). From April 2016 to February 2020 he was Deputy Group Chief Executive Officer of BP, a role in which he had a wide range of accountabilities, including safety, operational risk, legal affairs, technology, economic insight, long range planning and strategy with the latter responsibilities particularly influencing capital allocation planning and BP’s sustainability initiatives.
Mr. McKay holds a Bachelor of Science from Mississippi State University.