Breedon Group Plc - Directorate Change
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BREEDON GROUP PLC
("Breedon", "the Company" or "the Group")
Rob Wood to succeed Pat Ward as Group Chief Executive
Pat Ward has informed the Board of his intention to retire as Group Chief Executive and a Director of the Company during 2021. It is anticipated that he will be succeeded by Rob Wood, Breedon's Group Finance Director.
Pat has served as Group Chief Executive since the beginning of 2016 and has overseen a period of significant growth for the Group. He now wishes to rejoin his family in the United States, after ensuring an orderly hand over to his successor.
The Board carries out regular and routine succession planning for senior positions involving both internal and external potential candidates and, following a comprehensive review , the Board has concluded that Rob Wood should succeed Pat as Group Chief Executive. Rob has served as Group Finance Director of Breedon since early 2014 and has been instrumental in its success. A search for a new Group Finance Director is now underway.
Breedon's Chairman, Amit Bhatia, commented: "Breedon has flourished under Pat's leadership over the last five years, during which time he and Rob have worked closely together on the development and execution of the Group's strategy. He will leave the Group in excellent hands when the time comes and only after ensuring a seamless transition."
Further announcements will be made in due course.