REG - Forterra plc - Appointment of Chief Executive Officer

ForterraAnnouncement

22/11/2022 07:16

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RNS Number : 1300H  Forterra plc  22 November 2022

22 November 2022

 

FORTERRA PLC

 

Appointment of Chief Executive Officer

 

The Board of Forterra plc ("Forterra") is pleased to announce that Neil Ash
will become Chief Executive Officer designate of Forterra on 3 April 2023.
This appointment follows the announcement on 24 May 2022 that Stephen Harrison
would be stepping down as Chief Executive Officer ("CEO") during the first
half of 2023, allowing time both to commission the new Desford brick factory
and support an orderly transition.

 

Neil has almost three decades' experience in the building materials sector and
an impressive track record of improving performance and delivering growth.
Currently at Etex, the Belgian lightweight building materials manufacturer, he
leads the Building Performance division which is a €2 billion revenue
business. During his time at Etex Neil oversaw major capex projects,
significant acquisitions, and developed its sales approach which delivered
strong top line growth.

 

His experience includes 15 years at Lafarge, where he undertook many roles,
including the role of Vice President International Business Development and
Sales and Commercial Director UK & Ireland of Lafarge Plasterboard.

 

Justin Atkinson, Chairman, commented:

 

"We are very pleased to appoint Neil as the next CEO. His business leadership
and extensive building materials sector knowledge will be invaluable to
Forterra in the next stages of our development and the Board looks forward to
working with him.

 

The Board and I are grateful to Stephen Harrison for the significant
contribution he has made to the business during his tenure as CEO. We wish him
all the best for the future after he leaves Forterra in the second quarter of
2023."

 

Regulatory Disclosures

This announcement is made pursuant to the Company's obligations under Listing
Rule 9.6.11(1)R.

The Company will disclose details of exit arrangements for Stephen Harrison on
its website in due course, in accordance with its statutory obligations.

 

There is no further information to be disclosed under Listing Rule 9.6.13R.

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) No 596/2014.

 

Remuneration Arrangements

Neil's service agreement, remuneration and benefits will be consistent with
Forterra's Remuneration Policy as approved by shareholders at the AGM in May
2020.

 

ENQUIRIES

 

FTI Consulting +44 203 727 1340

Richard Mountain / Nick Hasell

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