Forterra, Inc. announced that Karl H. Watson, Jr. has been appointed Chief Executive Officer and a member of the Forterra Board of Directors. Mr. Watson succeeds Jeff Bradley, who has stepped down as CEO and a director to pursue other opportunities. Mr. Watson brings over 30 years of global experience in the construction materials industry and a track record of effectively leading through numerous business cycles and improving financial and operational results.

He most recently served as Executive Vice President and Chief Operating Officer at Summit Materials, Inc. Prior to Summit Materials, Mr. Watson was the President of Martin Marietta's Southwest Cement and Ready Mix division and immediately before that he was the President of CEMEX USA where he played a pivotal role in driving significant profitability improvement. The Company also announced that John McPherson, an independent member of the Forterra Board since 2016, has been appointed Lead Director and non-executive Vice Chairman of the Board. In this newly created role, Mr. McPherson will work with the Board and management to support a smooth leadership transition, reinforcing the Company's focus on margin and cash flow improvements while sustaining the Company's efforts to unlock the value embedded in its scale and market positions.

Mr. Watson recently served as Executive Vice President and Chief Operating Officer at Summit Materials, Inc. from January 2018 through June 2019. Mr. McPherson has served as a Forterra director since 2016 and is a member of the Audit Committee and Compensation Committee.