Breedon Group PLC appointment of non-executive director

Further to our announcement on 7 March that we had commenced a formal search process to seek two new independent non-executive directors, we are pleased to announce the first appointment.

Peter Cornell will join the Board as an independent non-executive director on 1 October this year. 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.

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 (C.I.) and Lexington Consultants, a professional service firm consultancy. He is also a non-executive director of Schroders (C.I.) Limited, F&C Commercial Property Holdings Limited and IE Business School in Madrid.

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.”

It is expected that Peter will serve on the Group’s Remuneration, Audit and Nomination Committees.

We expect to confirm the appointment of a further non-executive director before the end of this year.