McLeod moves at Superglass

Published:  21 July, 2009

STIRLING: Alex McLeod takes over as chief executive of troubled insulation maker, Superglass. 

Mr McLeod, was previously chief finance officer at BP. He has experience of the insulation market when he was managing director of Runcorn-based insulation maker, Saint-Gobain Isover.

Superglass posted a pre-tax loss of £200 000 for the first half of the year citing "the most challenging conditions the group has experienced". Shares are trading at just under 30p down from 180p at flotation in 2007.

Tim Ross, chairman, said: "We are now seeing sustained demand for our products at increased levels through the Carbon Emissions Reduction Targets programme."

Trading outside the programme continues to be difficult and in the UK there is still significant pressure on pricing,” he said.

Mr McLeod succeeds John Smellie, who retires at the end of the year. 

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.