9th May 2025 08:33
(Alliance News) - Travis Perkins PLC on Friday named SIG PLC's boss Gavin Slark as its next chief executive.
Slark is to join the Northampton-based building supplies firm "no later than" January 1.
Travis Perkins had announced in March that Pete Redfern was leaving the CEO post due to ill health. Redfern became CEO in September of last year.
Slark had an 11-year stint as CEO of Dublin-based building materials and construction products supplier Grafton Group PLC which ended in 2022.
"The board and I are delighted that Gavin has agreed to join us. We are all very much looking forward to working with him. Gavin brings with him unrivalled experience of the sector in addition to a long pedigree as a CEO of significant public companies. Gavin is well placed to continue the work we have started to refocus and change the way we operate in order to better serve our customers and work effectively with our suppliers, as well as engage and motivate our teams," Chair Geoff Drabble said.
SIG, a Sheffield, England-based supplier of insulation and building products, said it has received notice from Slark of his resignation.
"Gavin will continue as SIG's CEO for a transitionary period, until a date no later than 31 December 2025," SIG said, adding that the process to find a new CEO is underway.
Travis Perkins shares rose 4.7% to 610.66 pence each on Friday morning in London, while SIG shares fell 7.8% to 16.60p.
By Tom Budszus, Alliance News slot editor
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