Last checked at 24 Nov 2020 07:00
24 November 2020
Breedon Group plc
("Breedon" or the "Group")
Appointment of CFO Designate
Breedon, a leading construction materials group in Great Britain and Ireland, today announces that James Brotherton will join the executive management team as Chief Financial Officer ("CFO") designate on 1st January 2021.
James was CFO of Tyman Plc ("Tyman") between 2010 and 2019, prior to which he was Director of Corporate Development for five years. James contributed to the significant growth and geographic expansion of Tyman during that period. Prior to Tyman, James worked in investment banking roles at Citi and HSBC, after qualifying as a chartered accountant at Ernst and Young. He is currently a director of the Quoted Companies Alliance ("QCA") and represents the QCA on the Takeover Panel.
As announced on 6 October, Rob Wood, Breedon's current Group Finance Director, will succeed Pat Ward as Chief Executive upon Pat's retirement during 2021. It is anticipated that James will be appointed to the Board as CFO at that point, ensuring an orderly transition.
Breedon's Chairman, Amit Bhatia, commented:
"We are tremendously pleased to welcome James to Breedon. He brings significant construction sector and corporate development experience, including in the areas of finance, strategy, operational efficiency, M&A and business integration. The Board is confident James will build a strong partnership with Rob to deliver further growth and strategic progress in the next stage of Breedon's development."
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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 around 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 Robert Coates, Head of Investor Relations
Cenkos Securities (NOMAD and Joint Broker to Breedon) Max Hartley Harry Hargreaves
Numis Securities (Joint Broker to Breedon) Ben Stoop Heraclis Economides
Teneo (Public Relations Adviser to Breedon) Matt Denham Rachel Miller
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