Breedon CEO to step down

The group chief executive of Coalvilled-based building materials giant Breedon is to step down.

Pat Ward will retire as CEO and director of the company at some point next year. It is thought he will be succeeded by Rob Wood, the firm’s finance boss.

Ward has been CEO since 2016. Post-retirement he will rejoin his family in the US.

Wood has been group finance director of Breedon since early 2014.

Breedon’s chairman, Amit Bhatia, said: “Breedon has flourished under Pat’s leadership over the last five years, during which time he and Rob have worked closely together on the development and execution of the Group’s strategy. He will leave the Group in excellent hands when the time comes and only after ensuring a seamless transition.”