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LONDON - Travis Perkins (LON:TPK) plc, a leading UK supplier of building materials, announced today that Pete Redfern has stepped down as Chief Executive Officer (CEO) and from the Board due to ill health. Geoff Drabble, Chair of the Board, expressed regret over Redfern’s departure and gratitude for his contributions to the company.
The Nominations Committee is set to begin the search for a new CEO immediately. In the interim, Drabble will collaborate with the management team to maintain business stability and continue implementing strategies to enhance performance and profitability.
Drabble recognized Redfern’s efforts in improving customer experience and revitalizing field operations, despite his short tenure. He remains optimistic about the company’s future, citing its nationwide presence, industry-leading businesses, and strong customer and supplier relationships.
Travis Perkins is scheduled to release its full-year results on March 18, 2025. The company has communicated that this announcement contains inside information as per the regulations of domestic UK law following the European Union (Withdrawal) Act 2018. The release has been authorized by Robin Miller, General Counsel and Company Secretary. This news is based on a press release statement.
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