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[December 2006]
Hanson Appoints Finance Director
Hanson PLC, the international building materials group, has announced the appointment of Pavi Binning as Finance Director. Pavi will take up his role on 2 January 2007, at which time he will join the Board of Hanson.
Most recently, Pavi worked as Chief Financial Officer at telent PLC, formerly Marconi Corporation PLC, where he was a main Board director. Pavi played a key role in the successful restructuring of Marconi's balance sheet, in the disposal of the majority of Marconi's business to Ericsson, in securing the UK pension plan and in establishing telent in its market.
Prior to joining Marconi in 2003, Pavi worked for Diageo PLC for 17 years in a number of senior corporate and operational finance roles. He is a member of the Chartered Institute of Management Accountants.
''Pavi will make an excellent contribution to Hanson,'' said Mike Welton, Chairman of Hanson. ''We are fortunate to have been able to choose from some very high quality candidates.''
Other than his directorship of Marconi Corporation/telent plc, which ended on 5 September 2006, Hanson said it confirmed that there were no other details to be disclosed in respect of Mr Binning pursuant to paragraph 9.6.13 of the Listing Rules.
Hanson is one of the world's largest suppliers of heavy building materials to the construction industry, with turnover in 2005 of £3.7 billion. Products fall into two categories: 'aggregates' (crushed rock, sand and gravel, ready-mixed concrete, asphalt and cement) and 'building products' (concrete pipes, pre-cast products, tiles and clay bricks). Hanson now employs over 27,000 people, operating primarily in North America, the UK and Australia with further operations in Asia Pacific and Continental Europe
www.hanson.biz
ENDS