Tim Stedman has been appointed Chief Executive Officer for Fortis IBA Ltd, joining the business at an important stage in its development as it progresses exciting growth plans.
Tim brings over 30 years of experience to the business. He has joined from his position as CEO at Storegga, a global developer of projects across the CCS and hydrogen value chains. Before this, he was CEO of Agilyx Corporation, a leader in plastic recycling technologies. Prior to that he held a variety of leadership roles at Trinseo (a carve out from the Dow Chemical Company) including President of the Plastics businesses and Senior Vice President, Strategy and Corporate Development. Tim also chaired the board of Americas Styrenics, a Joint Venture between Trinseo and CP Chem. Before his time at Trinseo, he spent over 20 years at ExxonMobil serving in a variety of leadership roles.
Tim holds a Bachelor of Engineering in Chemical Engineering with French from the University of Manchester Institute of Science and Technology and the Ecole Nationale Supérieure des Industries Chimiques, Nancy, France. He is also a Chartered Engineer and a Fellow of the Institute of Chemical Engineers (UK).
Over the past 20 years, Fortis has evolved considerably, expanding both its geographic reach and the range of services and products it provides. It has made significant investment in new IBA processing facilities and sites and in transforming existing plant and equipment. This continued investment has enhanced the quality and efficiency of IBA processing and the production of high-quality IBA aggregates.
As CEO, Tim will lead the business into its next phase of growth and innovation, with a continued focus on safety, operational excellence and creating long-term value.
Commenting on his appointment, Tim said: “I’m delighted to be joining the business at such an exciting time and to have the opportunity to lead it through its next phase of growth as a leader in IBA processing. Fortis has a highly skilled and motivated organisation who are passionate about the mission and there are many exciting opportunities being developed. It is an honour to work with the team to build on this, progress key projects and deliver the opportunities ahead.
An important focus for me will be expanding the use of Fortistone® IBA aggregate across the construction industry, building on the opportunity for high-quality, sustainable alternatives to virgin materials and supporting a circular approach to construction.”
Tim will be working closely with Chief Operating Officer, Steve Clasby, Chief Financial Officer, Wayne Roberts, and the management team.
Steve Clasby commented: “I’m very pleased to welcome Tim as CEO. He brings extensive experience, strong leadership and a clear vision for the future, which will be invaluable as we further develop our state-of-the-art technology and continue to invest our next phase of growth and innovation.
I look forward to supporting Tim as he gets to know the business, our people and our operations, and to working together to deliver on the opportunities ahead.”
