Travis Perkins chair to step down

Chair of the Board of Travis Perkins PLC, Jasmine Whitbread, has announced her decision to step down as a director of the company and as chair.

Whitbread will leave her role at the close of business on May 31 2024 when Jez Maiden, senior independent director, will take over the role as chair on an interim basis.

Whitbread said: “It has been a privilege to Chair Travis Perkins plc over the last three years. Whilst the difficult trading environment has presented significant near-term challenges, I am confident in the Group’s inherent strengths and ability to recover quickly when markets improve.”

Travis Perkins has said that the appointment of Maiden on an interim basis will allow it to continue its search for a successor CEO and commence its search for a chair. Louise Hardy joins the Nominations Committee on an interim basis.

This is the second change at the top for Travis Perkins in as many months.  Nick Roberts has already announced his departure as Travis Perkins CEO.

It has also been no secret of the hard times affecting the sector with the group reporting a challenging start to the year – read more here.

Maiden added: “We are grateful to Jasmine for her contribution and service to the Travis Perkins Group over the last three years and wish her well for the future. The Board is fully focused on the succession process for chair and CEO. Our continued priorities are to transform our operating model, to build a stronger business and enhance cash generation, and rebuild shareholder value.”