Travis Perkins reveals new CEO
The former boss of housebuilding giant Taylor Wimpey has been revealed as the new CEO of builders merchant Travis Perkins.
Pete Refern succeeds Nick Roberts, who will step down as CEO and from the board on September 16.
Jez Maiden, interim chair, said: “I am delighted that Pete Redfern will be joining Travis Perkins as CEO. Pete brings a combination of deep sector knowledge, operational delivery capability, commercial acumen and listed company expertise. He is focused on operational rigour and driving a performance culture, prioritising customers, quality and people. He has demonstrated his skills in managing costs, margins and cash generation, complemented by a rigorous approach to capital allocation.
“Pete joins at an important time for the group as we focus on improving profitability and enhancing cash generation, as well as accelerating changes to our operating model to create a simpler, more efficient business. I am confident that, together with Duncan Cooper, chief financial officer, the executive leadership team will accelerate the ongoing transformation of the group and deliver strong shareholder returns.
“I would like to thank Nick Roberts for his leadership of and dedication to Travis Perkins as CEO over the last five years. Nick has led the modernisation and simplification of the Group, whilst navigating a challenging trading environment, and we wish him every success in the future.”
