Andrew Shepherd will be managing director at Ibstock Futures
The former managing director of TopHat has announced he has joined brick manufacturer Ibstock.
Andrew Shepherd revealed in a post on LinkedIn that he had joined the firm as managing director of the Ibstock Futures business unit.
Ibstock Futures is a modern methods of construction business which works with developers and contractors 鈥渂ringing industrialisation to the supply chain鈥�, according to its website.
Shepherd had recently announced his departure from modular firm TopHat, which he said had been faced with 鈥渃hallenging circumstances鈥�.
TopHat, which posted a 拢20.4m pre-tax loss for the year to 31 October 2022, announced plans to make around 70 redundancies to cut costs earlier this year.
Ibstock has also experienced a difficult period as the housing slowdown hit demand.
In January, the firm closed a second factory in less than six months and in March it posted reduced profit and income of 拢30m and 拢406m.
>> Read more: Ibstock profit nosedives as housing slowdown hits brickmaker鈥檚 numbers
Announcing his move, Shepherd said: 鈥淎s a leading British manufacturer, with over 200 years of expertise in the building products sector, there is a real opportunity to accelerate the group鈥檚 diversification and innovation plans in MMC and sustainable solutions.鈥�
Prior to working at TopHat, Shepherd had previously worked at Currie & Brown, Landsec, Laing O鈥橰ourke and as chief executive of Mid Group.
No comments yet