TIDMBREE
RNS Number : 7133R
Breedon Group PLC
10 March 2021
10 March 2021
Breedon Group plc
("Breedon" or the "Group")
UPDATE ON GROUP CHIEF EXECUTIVE SUCCESSION
AND Appointment of NON-EXECUTIVE DIRECTOR
Breedon, a leading construction materials group in Great Britain
and Ireland, today provides an update on the timing of Group Chief
Executive succession and announces the appointment of a new Non-
Executive Director.
As announced on 6 October 2020, Rob Wood, Group Finance
Director, will succeed Pat Ward as Chief Executive Officer. Pat and
Rob have continued to work closely to ensure an orderly transition,
and the Board is pleased to announce that Rob will be appointed as
Chief Executive Officer on 1 April 2021, upon which date Pat will
step down, but will remain available to the Board until the end of
the year.
James Brotherton, who joined Breedon as Chief Financial Officer
designate on 1 January 2021, will succeed Rob as Chief Financial
Officer and will join the Board on 1 April 2021.
We are also pleased to announce that Helen Miles will join
Breedon as a Non-Executive Director on 1 April 2021. Helen brings a
wealth of operational and commercial experience from a range of
listed businesses and has an understanding of the broader
infrastructure sector. She is currently Capital and Commercial
Services Director and a member of the Executive Committee of Severn
Trent PLC, the FTSE100 utility company. Prior to Severn Trent,
Helen held senior leadership positions with Homeserve PLC and BT
Group PLC, and is currently a Non-Executive Director of the Royal
Navy.
Breedon's Chairman, Amit Bhatia, commented:
"On behalf of the Board, I would like to thank Pat for his
excellent leadership of the Group. Breedon has thrived during the
five years that Pat has been Chief Executive and I wish him all the
best for the future. Pat will be succeeded by Rob Wood, who has
worked very closely with Pat on the development and execution of
the Group's strategy, and I look forward to continuing to work with
him. Pat, Rob and James have worked hard over the last few months
to ensure a seamless transition.
We are very pleased to welcome Helen to Breedon. I am confident
that Helen's perspective and infrastructure expertise will be
highly valuable to the Board and that her contribution will help to
support the future development of the Group."
The following information is disclosed in accordance with
Schedule 2(g) of the AIM Rules for Companies in relation to James's
appointment to the Board as Chief Financial Officer:
Full name: James Edward Brotherton
Age: 51 years
Current Directorships: The Quoted Companies Alliance
Directorships held in the past five years: Safe Harbour Holdings
plc, Amesbury Holdings Limited, Jasper Acquisition Holdings
Limited, Jasper Acquisition Limited, Lupus Capital Limited, Octroi
Group Limited, Octroi Investments Limited, Otterburn Limited,
Schlegel Acquisition Holdings Limited, Tyman Equities Limited,
Tyman Financial Services Limited, Tyman Investments, Tyman
Management Limited and Tyman plc.
There are no further disclosures to be made in connection with
Schedule Two of paragraph (g) of the AIM rules for companies in
connection with this appointment.
The following information is disclosed in accordance with
Schedule 2(g) of the AIM Rules for Companies in relation to Helen's
appointment to the Board as Non-Executive Director:
Full name: Helen Marie Miles
Age: 50 years
Current Directorships: Severn Trent Green Power (Cassington),
Severn Trent Green Power (RBWM) Limited, Midlands Land Portfolio
Limited, Severn Trent Green Power (Wallingford), Severn Trent Green
Power (North London), Severn Trent Green Power (Bridgend) Limited,
Severn Trent Green Power Group Limited, Severn Trent Green Power
(Hertfordshire), Severn Trent Green Power Holdings Limited, Severn
Trent Green Power (West London), Severn Trent Green Power (Ardley)
Limited, Severn Trent Green Power Biogas Limited, Etwall Land
Limited, Severn Trent Wind Power Limited, Severn Trent Green Power
(CW) Limited, Hafren Dyfrdwy Cyfyngedig, Severn Trent Green Power
Composting and Severn Trent Green Power Limited.
There are no further disclosures to be made in connection with
Schedule Two of paragraph (g) of the AIM rules for companies in
connection with this appointment.
- ends -
Information on Breedon Group
Breedon Group plc is a leading construction materials group in
Great Britain and Ireland. It operates two cement plants and an
extensive network of quarries, asphalt plants and ready-mixed
concrete plants, together with slate production, concrete and clay
products manufacturing, contract surfacing and highway maintenance
operations. The Group employs approximately 3,500 people and has
over 1 billion tonnes of mineral reserves and resources. The
Group's strategy is to continue growing through organic improvement
and the acquisition of businesses in the heavyside construction
materials market.
Enquiries:
Breedon Group plc
Pat Ward, Group Chief Executive
Rob Wood, Group Finance Director 01332 694010
Robert Coates, Head of I nvestor Relations
Numis Securities (NOMAD and Joint Broker) 07880 486329
Ben Stoop
Oliver Hardy (NOMAD) 020 7260 1000
HSBC (Joint Broker)
Sam McLennan
Joe Weaving 020 7991 8888
Teneo (Public Relations Adviser)
Matt Denham
Claire Scicluna 020 7420 3180
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