BRICKBUILDER Ibstock has laid the foundations for Deloitte to take on its audit – replacing EY.
The process, led by the company’s audit committee, concluded with the executive board that Deloitte will be the proposed auditor for the financial year beginning 1 January 2017.
The appointment is subject to the approval of the shareholders at the 2017 annual general meeting.
Ibstock is a manufacturer of clay bricks, with a range of clay and concrete products operating in the UK and the US.
The Board of Ibstock extended its appreciation to EY for its services as auditor and confirmed there were no matters in connection following the 2016 audit with EY’s prospective resignation.
Appointments have been made to the audit, outsourcing, management accounting and human resources teams
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The firm has made key appointments to its executive team, including a new chief financial officer, and a sales and marketing director