Brickmaker Ibstock appoints Segro FD as non-executive

SEGRO group FD Justin Read has been appointed a non-executive director at brickmaker Ibstock, with effect from 1 January 2017.

Read, who has been group FD at Segro since August 2011, is set to retire from the property investment and development company on 31 December 2016.

Before joining property developers Segro, Read was group FD of tool hire company Speedy Hire from 2008 to 2011.

Read will be a member of Ibstock’s remuneration, audit and nomination committee.

Ibstock chairman Jamie Pike said Read “brings a wealth of experience that will be of great benefit to Ibstock as we continue to develop our business”.

Ibstock, a manufacturer of clay bricks and concrete products operating across the UK and the US, this week said that Deloitte will take over its audit from current auditors EY from 1 January 2017, pending shareholder approval.

Segro appointed senior finance executive Gerald Corbett as chairman earlier in 2016. Last December Segro ditched Deloitte as auditor, for PwC.