Last checked at 26 Oct 2010 07:00
26 October 2010
BREEDON AGGREGATES LIMITED
("Breedon" or the "Company")
Board appointments
Breedon Aggregates Limited, the UK's largest independent aggregates group, has appointed Ian Peters as Group Finance Director and Susie Farnon FCA as a Non-executive Director. They take up their appointments on 1 November 2010.
Ian Peters
Ian (aged 45) has more than 20 years' experience in the European aggregates industry, initially in financial controller roles within the UK aggregates business of Hanson. Following the demerger of Hanson plc in 1997, Ian was appointed Group Financial Controller and was involved in the completion of £2.5 billion of acquisitions. He was Finance and Development Director of Hanson Building Materials Europe between 2000 and 2003. After a year as Finance Director, Continental Europe and Asia, in 2004 Ian was appointed General Manager, Continental Europe.
Ian joined the senior management team of Marwyn Materials Limited in 2008 and worked closely with the Chairman and Chief Executive on the reverse acquisition of Breedon Holdings Limited in September 2010.
Ian holds 1,833,333 ordinary shares of no par value in the Company representing 0.33% of the issued share capital.
Susie Farnon FCA
Susie (aged 50) was a Banking and Finance Partner with KPMG Channel Islands from 1990 until 2001 and Head of Audit KPMG Channel Islands from 1999. She has served as President of the Guernsey Society of Chartered and Certified Accountants and as a member of The States of Guernsey Audit Commission and The Guernsey Public Accounts Committee. She is a Commissioner of The Guernsey Financial Services Commission and a Director of a number of private property and investment companies.
Susie Farnon holds 989,840 ordinary shares of no par value in the Company representing 0.18% of the issued share capital.
The Board of Breedon believe that Susie Farnon is independent from the Breedon management and Marwyn.
The companies of which Ian Peters has been a director in the past five years are as follows:
| Current | Previous
|
| Marwyn Materials (UK) Limited | Hanson Hispania |
| Breedon Aggregates England Limited | Hanson Israel |
| Breedon Group Services Limited | Tadir Concrete |
| Breedon Holdings Limited | Alzagri NV |
| Breedon Properties Limited | Hanson Aggregates Netherlands |
| BEAR Scotland Limited | Hanson Concrete Netherlands |
|
| Quarzsande GMBH |
|
| Hanson Building Products UK |
|
| Hanson Marine Limited |
The companies of which Susie Farnon has been a director in the past five years are as follows:
| Current | Previous |
| The Guernsey Financial Services Commission | Rapid Realisations Fund Limited |
| NewRiver Retail Limited |
|
| The Guernsey Sports Commission |
|
| Cenkos Channel Islands Limited* |
|
| Bailiwick Investments Limited |
|
| Standard Life Property and Income Trust Limited |
|
| Executors of CRW Best |
|
| Timbertops Limited |
|
| Little Lucy Limited |
|
* Cenkos Channel Islands Limited is a 50% owned subsidiary of Cenkos Securities plc. Susie Farnon's service contract is solely with Cenkos Channel Islands Limited and she has no involvement in Cenkos Securities plc.
No further information is required to be disclosed pursuant to schedule 2 paragraph (g) of the AIM Rules.
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More about Breedon Aggregates Limited
Breedon Aggregates Limited is the largest independent aggregates group in the UK, after the five global majors. It operates 29 quarries, 19 asphalt plants and 27 concrete plants in England and Scotland and employs approximately 700 people. The group has approximately 180 million tonnes of mineral reserves and resources in the UK, providing an estimated life of approximately 50 years at current output levels. Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.
For further information:
Breedon Aggregates Limited
Peter Tom CBE, Chairman
01332 694010
Stephen Jacobs, Head of Communications
07831 764592
Cenkos Securities plc
Max Hartley / Beth McKiernan
020 7397 8900
Breedon Aggregates Limited, Breedon-on-the-Hill, Derby DE73 8AP 01332 694010