Last checked at 20 Jul 2015 07:01
Michelmersh Brick Holdings Plc
("MBH" or the "Group")
Board Realignment
Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick manufacturer and landfill company, is pleased to provide an update on the future management of operations and the structure of its Board.
From 1 January 2016, Frank Hanna, currently Commercial Director and Peter Sharp, Group Operations Director, will jointly share the role of Chief Executive Officer. Martin Warner who currently sits in this role will remain an Executive Director but will move to Deputy Chairman.
From the proposed date, Frank and Peter will be responsible for day-to-day operations of the Group and charged with continuing to drive the Group forward in the next phase of Michelmersh's development.
Frank Hanna has been an Executive Director of the Company since 2010 and has over 24 years of brick industry experience. He has also chaired the Brick Federation and Promotional Working Party within the Brick Development Association. Peter Sharp has been with Michelmersh for 10 years and joined the main board in May 2011. He is qualified through the Institute of Directors and has a diverse range of skills and qualifications in construction, management and technical matters.
Eric Gadsden, Chairman, commented: "The Board has thought for some time about the future of the Group and we are confident that Frank and Peter will thrive under the additional responsibility and provide benefits for the Group and its stakeholders. They both have an excellent understanding of the business and, as a team, will provide a diverse range of key skills for the successful future of Michelmersh.
"I would also like to take this time to thank Martin for his hard work and dedication to the Group in his outgoing role. He has been crucial to the development of Michelmersh and the benefits that we have seen come into fruition in the past year. We are pleased that Martin remains fully committed to the Group and has agreed to continue in an Executive role as Deputy Chairman. "
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Further information on the Company can be found at www.mbhplc.co.uk. | |||||||||