Metro Glass CEO to leave company in March 2018

NZX and ASX Release 14 December 2017 Metro Glass CEO to leave company in March 2018 After five years with Metro Performance Glass (MPG), current CEO and Executive Director, Nigel Rigby has advised the Board of his decision to leave the company effective 31 March 2018 (financial year end). "Nigel has made a significant and valued contribution to the transformation and growth of the business," says MPG Chairman Peter Griffiths. "Nigel joined the company at a challenging time and the past five years have been particularly busy and intense. He led the business through the IPO and has driven Metro Glass forward with massive enthusiasm and energy. He has been key to the introduction of new products, new channels, new business segments and a significant new market in Australia," says Peter. "The Board thanks him for his valued contribution and we wish him well for the future." Nigel says, "After five transformative years, the time is right to move on and make way for a different leader to take the company on the next stage of its journey." Peter Griffiths says the Board has confidence in the leadership team, which remains focused on operating the business and will be integral in managing the transition period. "There is deep manufacturing, sales and marketing expertise in the team and MPG will continue to deliver for our customers. "Our long-term manufacturing improvement programme will continue unaffected and the capital works programme will be completed by 31 March 2018," he says. The Board will be commencing an international recruitment process immediately. "We're looking for a leader who appreciates the totality of our business and our unique place in the NZ and Australian building sectors. We have a team of committed and motivated people and it will be important for our incoming CEO to build on the expertise inherent in the business and the momentum that Nigel has built to date." /Ends For further information please contact: Andrew Paterson Investor Relations Manager (+64) 027 403 4323 andrew.paterson@metroglass.co.nz End CA:00311891 For:MPG Type:ADMIN Time:2017-12-14 08:30:13