Ill health forces Travis Perkins CEO to step down
The CEO of Travis Perkins is stepping down as a result of ill health.
Pete Redfern will leave the company with immediate effect.
The former boss of Taylor Wimpey joined Northants-based Travis Perkins in July last year.
Geoff Drabble, chair, will work with the management team and the company’s nominations committee to start an immediate search for a successor CEO.
Drabble said: “The board and I are very sorry that Pete’s brief but promising tenure as CEO has been brought to a premature conclusion for reasons beyond his and our control, and which none of us had anticipated.
“On a personal level, and on behalf of the board, I would like to thank Pete for his valuable contribution kickstarting the group’s efforts to refocus on the customer experience and reenergise our field operations. He leaves with our best wishes for the future.
“The group has many inherent strengths, benefiting from nationwide coverage with market leading businesses and strong customer and supplier relationships. We have a great business which has had its issues in recent times, but which I am confident can build on its inherent strengths and deliver value for investors and all of its other stakeholders.”
Travis Perkins will report its full year results on 18th March.
