New Boral chairman announced

Dr Bob Every to step down following Boral AGM in November and Dr Brian Clark to become chairman

BORAL Ltd have announced that at the conclusion of the company’s AGM on Thursday 5 November 2015, Dr Bob Every AO will step down from the board after eight years as a director and five years as chairman.

He will be succeeded as chairman by Dr Brian Clark, who is currently a director of Boral Ltd and AMP Ltd, and chairman of AMP Capital Ltd. Dr Clark joined the board of Boral in May 2007 and has been a member of the Remuneration & Nomination Committee since then and chairman of that committee since 2009.

‘I am delighted that Brian has agreed to succeed me as chairman of Boral following this year’s AGM,’ said Dr Every. ‘He has had an outstanding career as an executive with extensive international experience. He is also a very experienced director and is well positioned to chair the company through the next phase of its Fix, Execute & Transform programme.

‘Succession planning has been an important focus for the board and I am confident that the company and the board will be in very capable hands under Brian’s chairmanship.’

Dr Clark said: ‘I am looking forward to moving into the role of Boral’s chairman following the AGM and I will be working closely with Bob over the coming months to ensure an orderly transition.

‘I thank Bob for his wise counsel over the past eight years and particularly for his significant contribution as Boral’s chairman. He has guided the company through a challenging period of significant change following the global financial crisis, and will be leaving the business well positioned for the future.’