Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Construction materials distributor BRCK Group, has announced that non executive chairman, John Richards, will step down following the conclusion of the 2027 Annual General Meeting, after nine years in the position.
Having led BRCK through its admission to trading on AIM in August 2019, the Group has grown under Richards, both organically and through M&A activity, including through the acquisition of Taylor Maxwell in July 2021 and most recently the acquisition of Jacksons.
The Company has also confirmed Susan McErlain has been appointed as senior independent director with immediate effect.
Richards comments: “It has been a tremendous privilege to chair the Board of BRCK and be part of its growth and evolution since IPO. BRCK today provides a highly diversified offering through our 800+ strong workforce.
“Despite ongoing market uncertainties, we continue to deliver strong trading results. Under Frank Hanna’s executive leadership, BRCK is a maturing, agile and professional company well positioned for growth, and I am certain that he and the whole executive team, together with the Board, will continue to successfully execute our strategy and enhance shareholder value.
“Susan’s extensive knowledge and relevant board experience positions her well as our senior independent director and her appointment is reflective of the Board’s continued commitment to the highest standards of corporate governance as the Group scales and matures further. I look forward to the future development of BRCK with confidence.”
