CSR names Julie Coates as its new CEO

Building materials firm CSR says Julia Coates will replace the retiring Rob Sindel as CEO.

Incoming CSR chief executive Julie Coates. Picture: Supplied

Building materials company CSR has appointed senior Goodman Fielder executive Julie Coates as its new CEO.

She takes over in September from Rob Sindel, who announced late last year he would be resigning after eight years in the top job.

Mr Sindel’s planned departure came after a difficult year for the company, amid weakness in house prices and a drop in construction activity.

Prior to Goodman Fielder, Ms Coates spent 12 years at Woolworths in a number of senior executive roles, including as managing director of Big W.

“Julie has a strong track record in manufacturing operations as well as large-scale complex supply chain and logistics expertise,” said CSR chairman John Gillam.

“She also has a deep understanding of product, brand and marketing, as well as digital transformation and global sourcing.

“These combined skills will be invaluable as CSR continues to adapt to change, innovate and pursue growth.”

Ms Coates will begin in the new role at CSR in September. Mr Sindel will continue with the company until mid-September to ensure an orderly transition.

“I look forward to working alongside the many talented people at CSR and with customers to bring them new and better solutions,” said Ms Coates, who is currently a director at Coca-Cola Amatil.

“CSR is a great company and manufacturing success story with well-known and trusted brands and a strong future.”

CSR’s outgoing CEO, Rob Sindel. Pic:AAP

Mr Gillam said Mr Sindel had been an outstanding chief executive and the CSR board had been grateful for his contribution to the company.

“Under Rob’s leadership, CSR has become more resilient through a focus on high quality operational outcomes, coupled with well-executed acquisitions and divestments,” Mr Gillam said.

“He has diversified earnings, strengthened the balance sheet and embedded a culture of performance and innovation.

“Rob’s leadership has been pivotal in creating a foundation for CSR’s long-term success and he is rightfully highly regarded within CSR and the wider industry.”

CSR 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 were worth $3.36 before the open of markets today, down nearly 40 per cent from $5.38 a year ago.