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RNS Number : 7938H
Michelmersh Brick Holdings PLC
01 August 2023
1 August 2023
Michelmersh Brick Holdings Plc
("MBH", the "Company", or the "Group")
Appointment of Chair Designate and Non-Executive Director
Notice of Results
Michelmersh Brick Holdings PLC (AIM: MBH), the specialist brick
manufacturer, today announces that Martin Warner, Chair, has
informed the Board that he will retire at the next AGM in May 2024.
Martin will be succeeded by Tony Morris who is currently a
Non-Executive Director. The Group also announces that Rob Fenwick
will be joining the Company as Non-Executive Director with
immediate effect.
Martin was appointed Chair in 2016, having been joint founder
and Chief Executive Officer. He has overseen transformational
growth over that period supporting the Group on its progressive
journey to becoming a leading premium brick manufacturer and brick
pre-fabrication specialist across the UK and Belgium.
Tony, who joined the Board in November 2020, brought a wealth of
experience in M&A and equity capital markets to the Group, and
over the last two and a half years with Michelmersh has added
significant construction industry and clay manufacturing sector
knowledge, alongside his role as Chair of the Remuneration
Committee.
Robert Raymond Fenwick, aged 63, who joins the Board as a
Non-Executive Director, has extensive operational experience,
having spent 20 years with Howden Joinery Group plc. Rob was Chief
Operating Officer of the supply division at Howdens for 14 years
before spending a year as Chief Governance Officer. Rob is a
Non-Executive Director of Andrew Marr International Ltd and
Kronospan Holdings Ltd.
Martin Warner, commenting on the changes said :
"I am delighted with Tony's appointment as Chair Designate; his
expertise and specific Michelmersh experience to date demonstrates
that he has the capability and skills for the role. I have hugely
enjoyed working with Tony over the last few years and my focus as I
look to the 2024 AGM and my retirement is to ensure a smooth
handover of duties.
"Michelmersh is a fantastic Company with great people and it has
been an enormous privilege to see the business I jointly started
grow to become Britain's Brick Specialist."
Tony Morris, Chair Designate commenting on the changes said
:
"I am delighted to be appointed as Chair Designate and have
thoroughly enjoyed the last few years on the Board as a
Non-Executive Director. I would like to thank Martin for his
tremendous support during my time with Michelmersh and I am focused
on continuing his legacy to support the Group in delivering
excellent products and service to our loyal and diverse customer
base.
"I look forward to working with Peter and the rest of the Board,
and in particular welcome Rob to the team as Non-Executive
Director. Rob has extensive commercial and industry expertise,
which will be a valuable addition to the Group and provide an
appropriate balance to the Board as we look to the future."
Peter Sharp, Joint Chief Executive Officer said :
"On behalf of the Board, I would like to thank Martin for his
dedicated leadership over more than 25 years and his significant
contribution to the growth of Michelmersh in making the Group the
successful business it is today. We are essentially a people
business and Martin has led with this core principle from the top
of the organisation. On a personal note, I would like to thank
Martin for his valued support and guidance over many years. I look
forward to continuing working with Tony as we look to the future
with confidence and the business being in a strong position to
continue to deliver against our strategy."
Notice of Results
MBH will report its interim results for the six months to 30
June 2023 on 5 September 2023.
The following details in relation to the appointment of Robert
Raymond Fenwick, aged 63, are disclosed in accordance with Schedule
2(g) of the AIM Rules:
Current directorships Past directorships held within
last 5 years
Andrew Marr International Ltd. Howden Joinery Ltd
Kronospan Holdings Ltd. Howden Joinery People Services
Pintle Investments Ltd
Howden Kitchens Properties Ltd
--------------------------------
There is no further information to be disclosed in relation to
Mr Fenwick's appointment pursuant to AIM Rule 17 or paragraph (g)
of Schedule Two of the AIM Rules for Companies.
For further information, please contact:
Michelmersh Brick Holdings Plc Tel: +44 (0)1825
Peter Sharp, Joint Chief Executive Officer 430 412
Ryan Mahoney, Chief Financial Officer
Canaccord Genuity Limited (NOMAD and Tel: +44 (0)20
Joint Broker) 7523 8000
Max Hartley
Bobbie Hilliam
Harry Pardoe
Berenberg (Joint Broker) Tel: +44 (0)20
Richard Bootle 3207 7800
Detlir Elizi
Yasmina Benchekroun
Yellow Jersey PR Tel: +44 (0)7747
Charles Goodwin 788 221
Annabelle Wills Tel: +44 (0) 7775
194 357
About Michelmersh Brick Holdings PLC:
Michelmersh Brick Holdings PLC is a business with seven market
leading brands: Blockleys, Carlton, FabSpeed, Freshfield Lane,
Michelmersh, Floren.be and Hathern Terra Cotta. These divisions
operate within a fully integrated business, combining the
production of premium, precision-made bricks, pavers, special
shaped bricks, bespoke Terra Cotta products and prefabricated brick
components. The Group also includes a landfill operator, New Acres
Limited, and seeks to develop future landfill and development
opportunities on ancillary land assets.
Established in 1997, the Company has grown through acquisition
and organic growth into a profitable and asset rich business,
producing over 122 million clay bricks and pavers per annum.
Michelmersh currently owns most of the UK's premium manufacturing
brick brands and is a leading specification brick and clay paving
manufacturer.
Michelmersh strives to be a well invested, long term,
sustainable, environmentally responsible business. Opportunity,
training and security for all employees, whilst meeting the needs
of stakeholders are at the forefront of everything we do. We aim to
lead the way in producing some of Britain's premium clay products
and enhancing our environment by adding value to the architectural
landscape for generations to come.
We are Michelmersh Brick Holdings PLC: we are "Britain's Brick
Specialist".
Please visit the Group's websites at: www.mbhplc.co.uk and www.bimbricks.com
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