It says something about the urgency Boral chairman Kathryn Fagg is feeling that she couldn’t wait for the building materials giant’s full-year earnings in August for chief executive Mike Kane to depart as planned.

Instead, Fagg announced on Monday that Kane’s successor, Zlatko Todorcevski, will take the top job on July 1. Kane will step down as CEO on June 30, before retiring in mid-September. Still, any slight Kane feels will be cushioned by the year’s salary he’ll receive as a result of his “termination”.