Ibstock CFO to stand down after 30 years
Ibstock
153.00p
16:40 23/04/24
Brick manufacturer Ibstock revealed that chief financial officer Kevin Sims will retire in 2019 after three decades with the group.
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Sims, who took over as CFO three years ago, will be succeeded by Chris McLeish, currently Tate & Lyle's vice president of finance and control, in early August.
Ibstock said Sims will stay on with the FTSE 250 constituent until the end of the year in order to ensure an orderly succession and a smooth handover.
Chairman Jonathan Nicholls said: "Kevin has played a vitally important role in Ibstock's success and on behalf of the board I thank him for his efforts and significant achievements."
"After conducting a comprehensive search we feel that Chris' broad experience and track record make him the best candidate for the role. We look forward to him joining the board."
As of 0900 GMT, Ibstock shares had collected 0.66% to 242.40p.