– UK, Breedon on the Hill – Breedon Group PLC (LSE:BREE) today announced that Peter Cornell will join the Board as an independent non-executive director on 1st October.
He is a Partner in Metric Capital, a Special Situations Fund targeting mid-sized companies throughout Europe with approximately €2 billion of assets currently under management.
The appointment followed the further announcement on 7 March that the company had commenced a formal search process to seek two new independent non-executive directors.
Commenting on Peter’s appointment Peter Tom CBE, Breedon’s Executive Chairman, said: “Peter brings a wealth of financial and corporate experience to Breedon and we are delighted to welcome him to our Board. We look forward to drawing on his wide-ranging expertise as we continue to grow and develop the Group.”
The group expects to confirm the appointment of a further non-executive director before the end of this year.
About Peter Cornell
Prior to founding Metric Capital with his two partners in 2011, Peter was a Managing Director at Terra Firma, one of Europe’s leading private equity firms. He formerly spent more than 20 years with international law firm Clifford Chance, latterly as Global Managing Partner.
Peter is currently non-executive Chairman of Grant Thornton and Lexington Consultants, a professional service firm consultancy. He is also a non-executive director of Schroders Limited, F&C Commercial Property Holdings Limited and IE Business School in Madrid.
It is expected that Peter will serve on the Group’s Remuneration, Audit and Nomination Committees.
About Breedon Group plc
Breedon Group plc is a leading construction materials group in the UK and Ireland. It currently operates two cement plants, around 80 quarries, 40 asphalt plants, around 170 ready-mixed concrete and mortar plants, nine concrete and clay products plants, four contract surfacing businesses, six import/export terminals and two slate production facilities. The Group employs nearly 3,000 people and has nearly 900 million tonnes of mineral reserves and resources. The Group’s strategy is to continue growing organically and through the acquisition of businesses in the heavyside construction materials market.
For more information : https://www.breedongroup.com
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