13 September 2017
Breedon Group plc
("Breedon" or "the Company")
Appointment of Breedon Southern Chief Executive
Following the Company's announcement in July that it had started the process of identifying a new Chief Executive for its Southern division, Breedon is pleased to announce the appointment of Mike Pearce. Mike is currently Managing Director of the Aggregates division of Aggregate Industries Limited ("AI").
Mike will take up the position in the new year, joining Breedon's executive committee and succeeding Tim Hall, who will be leaving the Company at the end of September. In the interim, the Southern division will be led by Colin Parke, who currently runs Breedon Southern's Central region, reporting to Group Chief Executive Pat Ward.
In his current role Mike is responsible for nearly 50 quarries, collectively producing over 30 million tonnes of aggregates each year. He was previously Commercial Director, coordinating strategic activities across all AI's business divisions, whilst also heading up the Contracting division. He has been a member of AI's executive committee since 2009, during which time he has been variously responsible for AI's building products, ready-mixed concrete and asphalt businesses.
Commenting on his appointment Pat Ward, Breedon's Group Chief Executive, said: "Mike brings vast experience of the construction materials sector to Breedon, having held senior management positions in every key area of the industry. Just as importantly, he shares our values and culture. We are delighted to have attracted him to Breedon and look forward to welcoming him to our leadership team.
"In the meantime, we would like once again to thank Tim for the significant contribution he has made to the Group over the last seven years and wish him well for the future."
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Note to editors
Breedon Group plc is the UK's largest independent construction materials group, with the country's largest cement plant, two cementitious import terminals, around 60 quarries, 26 asphalt plants, nearly 200 ready-mixed concrete plants and three concrete products plants nationwide. The Group employs around 2,300 people and has more than 750 million tonnes of mineral reserves and resources. Its strategy is to continue growing organically and through acquisition of businesses in the UK heavyside construction materials market.
For further information:
Breedon Group plc
Pat Ward, Group Chief Executive
Rob Wood, Group Finance Director
01332 694010
Stephen Jacobs, Head of Communications
07831 764592
Cenkos Securities (NOMAD and Joint Broker)
Max Hartley, 020 7397 8900
Numis Securities (Joint Broker)
Heraclis Economides
Ben Stoop
020 7260 1000
