Construction materials company CSR has named Goodman Fielder managing director Julie Coates as chief executive and managing director, replacing the retiring Rob Sindel.
Ms Coates will start the role in September following the announcement last year that Mr Sindel would step down in 2019.
CSR chairman John Gillam said on Thursday that Ms Coates’ appointment followed a comprehensive assessment of external and internal candidates.
Prior to food manufacturer Goodman Fielder, Ms Coates spent 12 years at Woolworths in a variety of senior executive roles including chief logistics officer, human resources director and managing director of Big W. She’s currently also a non-executive director at Coca-Cola Amatil.
Ms Coates will take the reins as property market weakness fuels an uncertain near-term outlook for CSR. The company this month reported a 59 per cent drop in full-year profit to $78 million on the back of higher power prices and losses linked to the sale of its troubled glass business.
Shares in CSR closed at $3.36 on Wednesday, down nearly 40 per cent from a year ago. They traded 4c higher at $3.40 as of 11am in Sydney on Thursday.