- BRCK Group
- 11 June 2026 11:52:55
Source: Sharecast
The AIM-traded construction materials distributor said Richards had notified the board of his decision to step down following nine years in the role, in line with corporate governance practice.
Richards was appointed non-executive chairman in March 2018 and led the company through its admission to trading on AIM in August 2019.
BRCK said the group had grown under his stewardship both organically and through acquisitions, including the transformational acquisition of Taylor Maxwell in July 2021 and the more recent earnings-enhancing acquisition of Jacksons, a designer, manufacturer and installer of premium timber and steel fencing, gates and perimeter security systems.
The company said its diversification strategy had created a track record of financial delivery, most recently shown in its full-year trading update for the year ended 31 March 2026, which reported further growth despite challenging market conditions.
BRCK said it had started a process to appoint a successor with significant industry experience.
The process will be led by the senior independent director and the non-executive directors.
The company also confirmed that Susan McErlain, an existing independent non-executive director, had been appointed senior independent director with immediate effect.
McErlain joined BRCK in April 2022 and has more than 30 years’ experience as a communications adviser across multiple sectors.
She co-founded, grew and sold an investor and financial communications business in 2000, and was corporate affairs director at FTSE 250 company Ultra Electronics until 2019.
Richards said it had been a “tremendous privilege” to chair BRCK and be part of its growth since its IPO.
“BRCK today provides a highly diversified offering through our 800+ strong workforce,” he said.
“Despite ongoing market uncertainties, we continue to deliver strong trading results.”
Richards said McErlain’s knowledge and board experience positioned her well as senior independent director, adding that the appointment reflected the board’s commitment to corporate governance as the group continued to scale.
At 1116 BST, shares in BRCK Group were up 1.03% at 49.1p.
Reporting by Josh White for Sharecast.com.
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