Charlie Brown Joins Forterra as Executive Vice President and Chief Financial Officer
(Thomson Reuters ONE) -
IRVING, Texas, Sept. 07, 2017 (GLOBE NEWSWIRE) -- Forterra, Inc. ("Forterra" or
the "Company") (NASDAQ:FRTA), a leading manufacturer of water infrastructure
pipe and products in the United States and Eastern Canada, today announced the
appointment of Charlie Brown as Executive Vice President and Chief Financial
Officer, to begin his employment on or before September 25, 2017. Mr. Brown is
an industry veteran with over 25 years of experience driving growth and
improvement at manufacturing and construction materials companies. Mr. Brown
will report to Chief Executive Officer Jeff Bradley and serve on the Company's
executive leadership team. He will succeed Matt Brown, who has resigned from the
Company to pursue other opportunities.
Charlie Brown previously served as Chief Financial Officer of Oldcastle
Materials Company, the North American materials division of CRH plc with
$8 billion in 2016 revenue, where he led over 500 associates in over 1,200
locations, including finance, accounting, risk management and real estate
personnel. During his tenure, he led implementation of enhanced financial
systems, including SOX compliance, and improved business reporting capabilities
and internal controls. In addition to his core responsibilities as CFO, Mr.
Brown was active in Oldcastle's operational management and acquisition
activities, having completed over 100 deals during his time as CFO of the
company and led efforts to enhance the procurement function and cost savings
initiatives.
Mr. Brown joined Oldcastle Materials as Vice President of Finance in 2003 and
was promoted to Senior Vice President of Finance in 2007 and Chief Financial
Officer in 2008. Prior to Oldcastle Materials, he held various finance and
senior management roles of increasing responsibility at Vulcan Materials from
1996 to 2003 and at PPG Industries from 1990 to 1996. Mr. Brown holds a Bachelor
of Arts in International Economics from The George Washington University in
Washington, D.C., and Master of Management from Northwestern University
(Kellogg) in Evanston, Illinois.
"We are pleased to announce Charlie's appointment as Forterra's CFO," said Mr.
Bradley. "Charlie brings a strong background in finance and proven leadership
capabilities, with over nine years serving as a CFO of Oldcastle Materials
Company. I look forward to working alongside him to leverage his skills,
expertise and experience as we focus on executing our growth strategy and
delivering value to our shareholders. I also want to thank Matt for his
contributions to Forterra over the past two years. We wish him well in his
future endeavors."
Matt Brown's decision to resign was not motivated by any disagreements over
financial statements or disclosures.
About Forterra, Inc.
Forterra is a leading manufacturer of pipe and products in the U.S. and Eastern
Canada for a variety of water-related infrastructure applications, including
water transmission, distribution, drainage and stormwater management. Based in
Irving, Texas, Forterra's product breadth and scale help make it a preferred
supplier to a wide variety of customers, including contractors, distributors and
municipalities. For more information on Forterra, please
visit www.forterrabp.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements. Forward-looking
statements may be identified by the use of words such as "anticipate",
"believe", "expect", "estimate", "plan", "outlook", and "project" and other
similar expressions that predict or indicate future events or trends or that are
not statements of historical matters. Forward-looking statements should not be
read as a guarantee of future performance or results, and will not necessarily
be accurate indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on historical
information available at the time the statements are made and are based on
management's reasonable belief or expectations with respect to future events,
and are subject to risks and uncertainties, many of which are beyond the
Company's control, that could cause actual performance or results to differ
materially from the belief or expectations expressed in or suggested by the
forward-looking statements. Forward-looking statements speak only as of the date
on which they are made and the Company undertakes no obligation to update any
forward-looking statement to reflect future events, developments or otherwise,
except as may be required by applicable law. Investors are referred to the
Company's filings with the Securities and Exchange Commission for additional
information regarding the risks and uncertainties that may cause actual results
to differ materially from those expressed in any forward-looking statement.
Company Contact Information:
David Lawrence
Vice President and Treasurer
469-299-9113
IR(at)forterrabp.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Forterra, Inc. via GlobeNewswire
Datum: 07.09.2017 - 12:00 Uhr
Sprache: Deutsch
News-ID 559141
Anzahl Zeichen: 5982
contact information:
Town:
Irving, TX
Kategorie:
Business News
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"Charlie Brown Joins Forterra as Executive Vice President and Chief Financial Officer"
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