Christina Verchere
About Christina Verchere
Independent non-management director at CRH since March 2023; age 53. She serves on the Audit Committee and the Safety, Environment & Social Responsibility Committee. Verchere is Chief Executive Officer of OMV Petrom S.A. (since 2018), with over 25 years in the oil and gas sector including senior roles at BP; she holds a Master of Economics Science from the University of Aberdeen. The Board deems her independent under NYSE standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| OMV Petrom S.A. | Chief Executive Officer | Since 2018 | CEO of largest integrated energy producer in Southeastern Europe |
| BP | Regional President, Asia Pacific | 20+ years at BP (various senior roles) | Responsible for restructuring BP’s Upstream business into a functional model |
| BP | President & CEO, BP Canada | 20+ years at BP (various senior roles) | Senior leadership across UK, U.S., Canada, Indonesia |
| BP | VP, Upstream Program Management Office | 20+ years at BP (various senior roles) | Upstream functional transformation |
External Roles
| Company | Role | Exchange | Notes |
|---|---|---|---|
| OMV Petrom S.A. | Director/Board role noted; CEO | BVB | Current public company role |
Board Governance
- Committee assignments: Audit Committee member; Safety, Environment & Social Responsibility Committee member.
- Independence: Board affirms Director independence per NYSE standards; all Audit, Compensation, and Nomination & Corporate Governance Committee members meet applicable independence standards.
- Re-election: She is among the 12 nominees standing for re-election at the 2025 AGM; listed as independent.
- Safety, Environment & Social Responsibility Committee activity: Met four times in 2024; oversight of health, safety, environment, social responsibility, and sustainability reporting.
- Audit Committee: Oversees financial reporting, internal controls, auditor independence; recommended inclusion of audited financials in 2024 Form 10-K.
- Board leadership context: Independent Chair (Richie Boucher); Senior Independent Director (Lamar McKay) role in place.
Fixed Compensation
| Year | Fees Earned or Paid in Cash ($000) | All Other Compensation ($000) | Total ($000) |
|---|---|---|---|
| 2024 | 160 | 0 | 160 |
| 2024 Non-management Director Fee Structure | Amount ($000) |
|---|---|
| Basic non-management Director fee | 105 |
| Committee fee (per committee) | 38 |
| Senior Independent Director premium | 30 |
| Compensation Committee Chair | 36 |
| Audit Committee Chair | 46 |
| Combined Senior Independent Director and Committee Chair | 46 |
| Safety, Environment & Social Responsibility Committee Chair | 36 |
| Fee for International non-management Directors | 17 |
| Fee for North American based non-management Directors | 35 |
Notes: Non-management Directors received cash-only fees in 2024 under the shareholder-approved 2022 policy; no termination/severance entitlements for Directors and no participation in the company’s short-term incentive or benefit plans.
Performance Compensation
| 2025 Board Compensation Structure (effective Jan 1, 2025) | Amount ($000) |
|---|---|
| Cash Retainer | 140 |
| Equity Retainer (ordinary shares) | 180 |
| Group Chair – Cash | 300 |
| Group Chair – Equity | 120 |
| Senior Independent Director premium | 40 |
| Acquisitions, Divestments & Finance Committee Chair | 18 |
| Audit Committee Chair | 28 |
| Compensation Committee Chair | 25 |
| Nomination & Corporate Governance Committee Chair | 20 |
| Safety, Environment & Social Responsibility Committee Chair | 20 |
| Director Share Ownership Guidelines | 5x Cash Retainer within 5 years; 75% net share holdings |
| Equity Incentive Plan Limits for Non-management Directors | Value Cap |
|---|---|
| Annual limit on awards plus cash fees (per Director) | $950,000 |
Policy features: Compensation structure revised to align with U.S. domestic issuer practices, introducing equity delivery of a portion of Director fees and U.S.-market share ownership guidelines for Directors.
Other Directorships & Interlocks
| Company | Role | Committee Roles (If Disclosed) | Interlock/Conflict Notes |
|---|---|---|---|
| OMV Petrom S.A. | Public company board; CEO | Not disclosed in CRH proxy | External industry role; no CRH-disclosed related-party transactions involving Ms. Verchere in proxy excerpts reviewed |
Compensation Committee Interlocks: CRH disclosed no compensation committee interlocks or insider participation in 2024; Ms. Verchere is not listed as a member of the Compensation Committee.
Expertise & Qualifications
- Sector: 25+ years in oil & gas; leadership across UK, U.S., Canada, Indonesia.
- Skills: M&A; accounting, internal control and financial expertise; talent management; safety & sustainability; strategy.
- Education: Master of Economics Science, University of Aberdeen.
Equity Ownership
| Holder | Ordinary Shares Beneficially Held | Percent of Class | As of |
|---|---|---|---|
| Christina Verchere | 1,000 | Less than 1% | March 12, 2025 |
Policy alignment: Anti-hedging and anti-pledging policy prohibits Directors and executive officers from hedging, shorting, or pledging CRH shares.
Governance Assessment
- Strengths: Independent director with Audit Committee membership and demonstrated financial and operational expertise; SE&S committee role aligns with CRH’s safety and sustainability priorities; board-level independence affirmed; equity retainer and share ownership guidelines starting 2025 improve alignment.
- Alignment: Beneficial ownership of CRH shares; anti-hedging/pledging policy prevents misalignment practices.
- Workload considerations: She is a sitting CEO of OMV Petrom; however, the Nomination & Corporate Governance Committee determined each Director has sufficient time and remains effective, with all standing for re-election.
- Compensation governance: Director pay transitioning to cash + equity with explicit annual cap under the Equity Incentive Plan; committee independence maintained.
No attendance percentages, related-party transactions, or director-specific performance metrics were disclosed for Ms. Verchere in the reviewed proxy excerpts; Director fees in 2024 were cash-only, with equity components introduced from 2025.