Forterra chief executive officer to step down
Stephen Harrison to leave company in first half of 2023; search for successor commences
STEPHEN Harrison has announced his intention to step down as chief executive officer of Forterra. He will remain with the company until the first half of 2023, allowing time both to commission the new Desford brick factory and support an orderly transition. The board is commencing a process to appoint a successor and will provide an update in due course.
Forterra chairman Justin Atkinson commented: ‘It has been a pleasure to work with Stephen since the IPO of the business and I would like to thank him both personally and on behalf of the board for his significant contribution to Forterra during that time. He will leave the business with a clear strategy, a strong balance sheet, and an experienced management team. My colleagues and I wish him all the best for the future.’
Mr Harrison (pictured) commented: ‘After 10 years in my current role, now is the right time for a change. I am proud to have led the company on its journey from non-core asset of a large corporation, through private equity ownership and IPO to be the successful independent business that Forterra is today.
‘Forterra's strategy is clear and well-advanced, benefiting from strong cash generation to deliver a compelling organic investment pipeline. I wish everyone at Forterra every future success and look forward to working with the board to ensure a smooth transition to my successor.’