Forterra plc announce board change
Ben Guyatt to take over as chief financial officer from Shatish Dasani who is leaving to pursue other opportunities
FORTERRA plc have announced that Shatish Dasani is to step down from his role as chief financial officer and as a director of the board on 31 December 2019 to pursue other opportunities.
He will be succeeded by Ben Guyatt who will take over as chief financial officer on 1 January 2020 and will join the board of Forterra at that point.
Mr Dasani joined Forterra in December 2015 and was a key member of the leadership team which successfully took the company through the IPO in April 2016 and implemented the strategy to drive value for shareholders.
In his time with Forterra, he has overseen a significant deleveraging and strengthening of its balance sheet, whilst investing in the core businesses and following a progressive dividend policy.
Ben Guyatt (pictured) has served as director of finance and company secretary of Forterra since its listing in April 2016 and, prior to this, was finance director of the business at the time of its divestment by HeidelbergCement in 2015.
He joined Hanson plc in 2006 and held a variety of senior finance and strategy roles within Hanson and HeidelbergCement. Previously, he held financial management roles at Heath Lambert.
The board believes that Mr Guyatt will bring a deep and valuable knowledge of Forterra, and the wider market, to the board.
Justin Atkinson, chairman, commented: ‘On behalf of the board, I would like to thank Shatish for his substantial contribution to the company over the last four years and wish him well in the next stage of his career.
‘I am delighted that Ben will be joining the board as chief financial officer. Having worked with Ben since the successful IPO, I am convinced he will bring significant knowledge and experience to the board.’