Nicholls to Succeed Pike as Ibstock Chairman
Jonathan Nicholls, currently senior independent director and chair of the Audit Committee, will be appointed chairman of the board.
Ibstock plc recently announced that Jamie Pike, chairman of the board, has informed the company that he will be appointed chairman of Spirax-Sarco Engineering plc following that company’s annual general meeting (AGM) on May 15, 2018. Pike is currently the senior independent director at Spirax-Sarco, having been appointed to the board as a non-executive director in May 2014. As a consequence of his appointment at Spirax-Sarco, Pike will step down as chairman and a director of Ibstock immediately after conclusion of the company’s AGM on May 24, 2018.
As part of its long-term succession planning arrangements, Ibstock has announced that the following changes will come into effect on May 24, immediately after conclusion of the AGM:
- Jonathan Nicholls, currently senior independent director and chair of the Audit Committee, will be appointed chairman of the board.
- Tracey Graham will be appointed senior independent director, in addition to her current role as chair of the Remuneration Committee.
- Justin Read will be appointed chair of the Audit Committee.
“On behalf of the board and our shareholders, I should like to acknowledge with thanks Jamie’s significant contribution to the group,” said Nicholls. “He was the company's chairman at the time of the IPO and has provided sound leadership, wise counsel and strong support to the board of the newly listed company. We wish him every success with his new appointment.”
“It has been a pleasure to be Ibstock’s chairman, and I am proud of what the company has achieved since it listed in October 2015,” said Pike. “Jonathan’s familiarity with the building products sector, his knowledge of Ibstock and his experience as a chairman and seasoned NED will be of immense benefit to the board going forward.”
For more information, visit www.ibstockplc.com.