Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Travis Perkins chief executive Nick Roberts is stepping down after five years in the role.
Roberts has said he will remain in the role until a successor is found.
“Travis Perkins is a great company with a talented team and I have been privileged to serve as CEO for the last five years. I am proud of the progress we have made in modernising the company. While the Board identifies my successor, I will continue to rigorously execute on our plan and drive performance,” said Roberts.
This comes weeks after Travis Perkins flagged another year of challenging demand following a 39% drop in its 2023 profit.
Jasmine Whitbread, chair, commented: “On behalf of the Board, I would like to thank Nick for his dedication and contribution to the business over the last five years. While there has been good progress made in modernising the business, the Board fully recognises the under performance of the business over recent reporting periods, in the context of continued economic challenges and end market weakness.
“We remain fully focused on improving profitability and enhancing cash generation, as well as accelerating changes to our operating model to create a simpler, more efficient business, well positioned to emerge stronger when markets recover and to grow shareholder value.”
