Ibstock PLC CEO Succession (2512T)
October 11 2017 - 2:00AM
UK Regulatory
TIDMIBST
RNS Number : 2512T
Ibstock PLC
11 October 2017
11 October 2017
Ibstock plc
("Ibstock" or "the Group")
CEO Succession
Wayne Sheppard to retire as Chief Executive in 2018
Joe Hudson appointed as Chief Executive Designate
Ibstock announces that Wayne Sheppard has notified the Board of
his intention to retire in 2018 after 22 successful years with the
Group, including the last two as Chief Executive of Ibstock plc. He
will be succeeded as CEO by Joe Hudson, currently Managing
Director, Cement & Concrete Products at Aggregate Industries
UK, who will join the Board on his arrival in early 2018 as Chief
Executive Designate.
Wayne will step down from the board and as Chief Executive after
a handover period but will be available to the Group as required
until the end of 2018.
Wayne steered the company through its successful IPO and under
his leadership Ibstock has delivered significant shareholder value
in its first years as a public listed company.
Joe has had extensive experience across the building materials
and construction products industry, most recently at the UK
subsidiary of Lafarge Holcim, Aggregate Industries, where he was
responsible for the cement, concrete products and integrated
businesses division. He has held both functional and operational
roles in Europe, Africa and North America, including Chief
Executive, Lafarge Africa plc and Group Senior Vice President in
Organisation and HR.
Jamie Pike, Chairman, Ibstock, said:
"Wayne has been instrumental in Ibstock's success. As Chief
Executive, he has led the Group through a successful IPO and
delivered strong growth. We are extremely grateful to Wayne for his
immense contribution to Ibstock and his commitment to ensure a
smooth transition. We wish him well in his eventual retirement and
on behalf of the Board I thank him for his efforts and significant
achievements.
"I am absolutely delighted that we have managed to secure the
appointment of someone of Joe's calibre and experience. His track
record of performance at Aggregate Industries and Lafarge has been
outstanding and we look forward to him leading Ibstock through the
next stage of its development."
Wayne Sheppard, CEO, said:
"It has been a privilege to lead Ibstock through an exciting
period of change and growth. I would like to thank all my
colleagues throughout the business for their support. We have an
in-depth team of experienced people and I know they will give Joe
every support as he drives the business forward. The Group is in an
incredibly strong position and I look forward to watching it grow
and prosper in the years ahead."
In accordance with the UK Listing Rules, the Company confirms
that there are no further details that are required to be disclosed
under paragraph LR 9.6.13 R of the UK Listing Rules in respect of
Joe Hudson, other than in respect of a previous directorship of
Lafarge Africa Plc, held between 2011 and 2017.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
Enquiries
Ibstock c/o Citigate + 44 (0)
Jamie Pike, Chairman 20 7638 9571
Citigate Dewe Rogerson
+ 44 (0)20 7638 9571
Kevin Smith
Nick Hayns
Notes to Editors:
Ibstock plc is a leading manufacturer of clay bricks with a
diversified range of clay and concrete products, and operations in
the United Kingdom and the United States. Its principal products
are clay bricks, brick components, concrete roof tiles, concrete
substitutes for stone masonry, concrete fencing and general
concrete building products.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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