Travis Perkins Announces Directorate Change

Travis Perkins plc has announced the immediate departure of Pete Redfern as Chief Executive Officer due to health reasons. The Board expressed its support for Redfern's decision and wished him a full recovery. Geoff Drabble, the Chair, will collaborate with the management team to maintain business stability and focus on ongoing performance improvement initiatives. Meanwhile, the Nominations Committee is initiating the search for a new CEO.

Geoff Drabble acknowledged Redfern's contributions in enhancing the customer experience and revitalizing operations. Despite recent challenges, Drabble remains confident in the company's strong market position and potential for delivering shareholder value. Travis Perkins plans to release its full-year results on March 18, 2025.