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Braas Monier Building Group S.A.: Pepyn Dinandt to resign in June 2016 as Executive Director and CEO of Braas Monier Building Group S.A.

Braas Monier Building Group S.A. / Key word(s): Change of Personnel

2015-08-10 / 08:41

Pepyn Dinandt to resign in June 2016 as Executive Director and CEO of Braas Monier Building Group S.A.

Luxembourg, 10 August 2015. Pepyn Dinandt (53), Executive Director and CEO of Braas Monier Building Group S.A., has informed the company that he does not intend to seek a renewal of his appointment as Group CEO, expiring 30 June 2016, in order to pursue new professional challenges.

The company's Board of Directors will now initiate the search for a successor for Pepyn Dinandt, who will continue to manage the company until a successor is in place and ensure a frictionless handover.

Under Pepyn Dinandt's leadership over the past seven years, Braas Monier Building Group significantly strengthened its position as a leading manufacturer and supplier of pitched roof products, chimneys and energy systems. Together with the Senior Management team he successfully led the company through two economic downturns and improved its operational and financial profile materially. The company today is in an excellent position to fully concentrate on implementing its ambitious growth strategy, supported by the Board of Directors and the entire Management team at Braas Monier.

Pierre-Marie De Leener, Chairman of the Board of Directors, thanked Pepyn Dinandt wholeheartedly for the seven years he devoted to the success of Braas Monier Building Group and the achievements he has made to position the company for future growth.

Pepyn Dinandt has been the CEO of Braas Monier Building Group since July 2008. In addition to the regions and business lines, he is responsible for the central functions Corporate Office and Compliance, HR and Health & Safety, Group Communications and Investor Relations, Sales & Marketing, Strategy and special projects.

Pepyn Dinandt has a Degree in economics from the University of Wales and started his career at Hewlett Packard before moving to McKinsey & Company. He then held a number of management positions in various industrial companies, including that of CEO at Mannesmann Plastics Machinery GmbH.

About Braas Monier
Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 37 countries and
115 production facilities and employed around 7,600 people as at 30 June 2015. The Company is headquartered in Luxembourg.

Achim Schreck
Director Group Communications / Investor Relations
Braas Monier Building Group

Tel: +49 6171 61 28 59

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