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Investing.com -- British building materials supplier SIG (LON:SHI) has appointed Pim Vervaat as its new chief executive officer, the company announced Tuesday.
Vervaat, who has prior leadership experience at European industrial companies, will replace current CEO Gavin Slark effective October 1.
According to the company’s plan, Vervaat will serve as CEO for approximately 18 months before transitioning to the role of non-executive chair.
Despite the difficult market conditions, SIG maintained its financial outlook, stating that it still expects its annual underlying operating profit to align with average market expectations of £31.6 million ($43.1 million), based on the company’s own poll.
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