Aggregate Industries announce board changes

AGGREGATE Industries have announced that Peter Tom CBE, non-executive chairman of the company, has decided to step down from the board.

Mr Tom had been chief executive of Aggregate Industries since the company’s formation and led the negotiations which resulted in the successful acquisition of the Group by Holcim Ltd. On 1 January 2006 Bill Bolsover took over as chief executive and Mr Tom became non-executive chairman.

To support the continuing growth of its business in the UK, US and northern Europe, the company will now manage its operations through two separate boards, one in the UK and one in the US.

Mr Tom will be succeeded as chairman of the UK board by Benoît-H.Koch, a member of the executive committee of Holcim Ltd. The other members of the UK board will be: Bill Bolsover, group chief executive; John Bowater, deputy group chief executive and chief financial officer; and James Retallack, group resources director; together with five non-executive members: John Carr, James Davis, Christopher Garnett, Don Reed and Angela Yeoman.

The US board will be chaired by Bill Bolsover, with the other members being: John Bowater, James Retallack, John Carr and Don Reed. The company is currently recruiting a chief executive for the US business who, when appointed, will also join the board.

Commenting on the changes, Peter Tom said: ‘I’m delighted with the way that Aggregate Industries and Holcim have come together over the last two years and especially with the responsiveness and support we have received to enable our further growth and development.

‘I currently have interests in a number of other projects and believe the time is now right for me to hand over the chairmanship to Benoît, who has been a board member since the acquisition and who with Bill and the other members of the board will oversee and direct the next phase of Aggregate Industries’ growth.’

Benoît-H.Koch, commented: ‘We are immensely grateful to Peter, not just for his many years of dedication to Aggregate Industries, providing the foundations for the successful business it is today, but also for his guidance and help during the early stages of Holcim’s acquisition of the company. He has left a fantastic legacy that we will continue to build on.’