Forterra plc Directorate Changes (2780D)
April 25 2017 - 8:33AM
UK Regulatory
TIDMFORT
RNS Number : 2780D
Forterra plc
25 April 2017
25 April 2017
Forterra plc
Directorate Changes
Forterra plc is pleased to announce that Martin Sutherland will
join the Board as an Independent Non-Executive Director with effect
from the close of the AGM on 23 May 2017. Martin Sutherland is the
Chief Executive Officer of De La Rue plc. Prior to joining De La
Rue in 2014, Martin held senior management roles at BAE Systems plc
and Detica plc.
In addition, following the announcement that an affiliate of
Lone Star Funds has sold all of its remaining holding in the
Company, under the terms of the Relationship Agreement between the
Company and such affiliate of Lone Star, Bradley Boggess and
Richard "Chip" Cammerer Jr have both resigned as Directors of the
Company with immediate effect. The Relationship Agreement has now
also terminated.
Following the above resignations, resolutions 10 and 11 seeking
the re-election of both Brad and Chip which were to be voted upon
at the AGM will now be withdrawn.
There are no other details to disclose under Listing Rule
9.6.13.
The search for a further Independent Non-Executive Director is
underway and an announcement will be made when appropriate.
Paul Lester CBE, Chairman of Forterra commented "I am delighted
that Martin Sutherland has agreed to join the Board of Forterra at
a key stage in the Company's development. Martin has gained
extensive board level experience over many years and he will be a
valuable addition to the Board. I would also like to express our
thanks to both Brad and Chip as they leave the Board. Their
contribution in our first year as a listed company is greatly
appreciated."
Enquiries
FTI Consulting: +44 (0) 20 3727 1340
Richard Mountain/Nick
Hasell
This information is provided by RNS
The company news service from the London Stock Exchange
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