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Brickworks hires Arrium CFO

Building products group Brickworks has appointed Robert Bakewell, the chief financial officer of struggling steel firm Arrium, as its new money boss.

Mr Bakewell is a finance and commercial executive with more than 20 years experience in listed Australian and international industrial companies. He has experience in mergers and acquisitions, restructuring, balance sheet and capital management and investor relations, Brickworks said in a statement on Wednesday.

Mr Bakewell, who starts on June 1, will take over from Alex Payne.

Mr Payne, who has been Brickworks' CFO for the past 13 years, will retire in September.