Senior independent director Jonathan Nicholls to succeed Jamie Pike as chairman of the board
IBSTOCK plc, manufacturers of clay bricks and concrete products, have announced that, as part of their long-term succession-planning arrangements, Jonathan Nicholls will be appointed as chairman of the board immediately after conclusion of the company’s AGM on 24 May 2018.
Mr Nicholls, who is currently Ibstock’s senior independent director and chair of the Audit Committee, will succeed Jamie Pike, who is stepping down as chairman and a director of Ibstock to take up a new chairmanship role outside the building products sector.
As part of the board changes, Tracey Graham will be appointed as Ibstock’s senior independent director, in addition to her current role as chair of the Remuneration Committee, and Justin Read will be appointed as chair of the Audit Committee.
Commenting on Mr Pike’s decision to step down from the board, chairman elect Jonathan Nicholls (pictured) said: ‘On behalf of the board and our shareholders, I should like to acknowledge with thanks Jamie’s significant contribution to the Group.
‘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.’
Commenting on his decision to step down, Mr Pike said: ‘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.
‘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.’
