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James Hardie Industries (ASX:JHX) appoints Aaron Erter as CEO

ASX News, Materials
ASX:JHX      MCAP $24.37B
02 September 2022 10:02 (AEST)

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James Hardie Industries (JHX) has appointed Aaron Erter as its new CEO, effective immediately.

A highly experienced executive, Mr Erter has extensive experience in leading large enterprises in the consumer and industrial sector and most recently served as CEO of PLZ Corp from November 2020 to August 2022.

From 2017 to 2020, he held multiple executive leadership roles at Sherwin Williams where he was Global President of the Consumer Brands Group and Global President of the Performance Coatings Group.

Mr Erter holds a Bachelor of Economics from The Wharton School at The University of Pennsylvania and a Masters of Business Administration at The University of Notre Dame – Mendoza College of Business.

The company said a comprehensive search was conducted by by global executive recruitment firm Heidrick & Struggles which identified Mr Erter.

Following a thorough evaluation process, Chairman Mike Hammes said the board believed his combination of experience, capabilities and leadership attributes was the ideal fit to lead the company.

“Mr Erter is an exceptional leader and we’re excited for him to join James Hardie,” Mr Hammes said.

“Aaron has more than two decades of experience leading large and complex industrial and consumer businesses [and] brings a wealth of experience and passion to James Hardie and will be supported by our highly capable leadership team.”

Mr Erter will be based in Chicago, US and will take home an annual salary of US$1 million (A$1.45 million).

Shares in James Hardie last traded at $33.21 on September 1.

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