Boral chief finance officer Tino La Spina departs

Boral’s chief finance officer has left the building products group as part of Seven Group Holdings’ “transformation and operating improvement” of the company.

Tino La Spina left the role of CFO and strategy officer on April 15 and “the board intends to provide notice of termination on July 1”, Boral said on Tuesday.

“We are committed to the ongoing transformation and operating improvement of Boral,” chairman Ryan Stokes said.

“With its focus now in Australia, the board has been working with management on what the business should look like, given its reduced operational footprint and size,” he said.

“In a tough, external, operating environment, we have decided to accelerate operational change.”

Jared Gashel, Boral’s group finance and property chief, has taken on the CFO role on an interim basis until a permanent replacement is found.

SGH, where Mr Stokes is chief executive, owns 70 per cent of Boral after a takeover offer last year.

SGH has a majority stake in Seven West Media, publisher of The West Australian and thewest.com.au.