IRVING, Texas, Jan. 10, 2017 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra”) (NASDAQ:FRTA), announced the appointment of Scott Leonard, 43, as Executive Vice President and Chief Operating Officer, effective January 3, 2017. Leonard will report to Forterra Chief Executive Officer Jeff Bradley and will serve on the company’s executive leadership team.
“We are excited to have Scott join our leadership team and expect that he will take a significant leadership role in driving margin improvement,” said Mr. Bradley. “His proven track record of creating short and long term value fits well with the culture we are building at Forterra.”
Leonard joins Forterra from Hewlett Packard Enterprise, where he served as the Senior Vice President of Global Commercial Functions for the Enterprise Services business since 2014. During his tenure, margins and sales significantly improved. Previously, Leonard was appointed Deputy Executive Director for the Texas Department of Transportation (TxDOT), one of the three largest state transportation departments in the United States. At TxDOT, he successfully led transformation programs focused on bringing private sector reforms to the public sector. He also oversaw substantial efficiency gains and cost savings. Scott was the Vice President of Financial Planning for TXU Corp. from 2005 to 2007, where he helped lead the sale of TXU to an investment group led by affiliates of KKR, TPG, and Goldman Sachs, and remained with TXU’s successor until 2012. Earlier in his career, he was an Engagement Manager at McKinsey & Company and an investment banker at Donaldson, Lufkin & Jenrette.
Leonard holds an M.B.A with Distinction from The Kellogg Graduate School of Management at Northwestern University, and a B.S. with Highest Honors from Georgia Tech.
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, and drainage. Based in Irving, Texas, Forterra manufactures water infrastructure products available throughout the U.S. and Eastern Canada. 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:
Matt Brown, Executive Vice President and Chief Financial Officer