Travis Perkins Announces CEO Nick Roberts to Step Down

Travis Perkins plc reported a significant change in its leadership as Nick Roberts, the Chief Executive Officer, plans to resign from his role and the Board after a tenure of five years. The company is actively searching for his successor, with Roberts agreeing to maintain his position until a new leader is appointed.

Jasmine Whitbread, the Chair of Travis Perkins, expressed gratitude towards Roberts for his service and acknowledged both the progress in modernizing the business and its recent performance issues amidst economic challenges. The company aims to enhance its profitability, cash generation, and streamline its operations for future strength and shareholder value growth.

Nick Roberts reflected on his time at Travis Perkins, highlighting the significant modernization and professing commitment to executing the current business plan until a new CEO takes over. This leadership change announcement is recognized as containing inside information as per EU Regulation and UK law, with full details of Roberts' remuneration to be disclosed following his departure.