Grafton CEO to step down
Grafton Group Ut (CDI)
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15:44 15/11/24
Builders merchants Grafton revealed on Monday that chief executive Gavin Slark has opted to step down as chief executive officer after 11 years in the role.
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Grafton said Slark will continue in his roles as CEO and board director until moving on from both on 31 December, in line with his service agreement.
The FTSE 250-listed group added that a process to appoint a successor will commence immediately, with the support of an executive search firm.
Slark said: "It has been a privilege to have been CEO of Grafton over the past eleven years. I have had the opportunity to work with exceptional people and I am very proud of what we have achieved on behalf of all our stakeholders.
"I have made the decision to leave with a heavy heart but am confident that this is the right time for a new CEO to lead the business as Grafton embarks on its next phase of growth and development. I remain very committed to the leadership of the business over the next six months and to working towards a smooth transition to my successor."
Reporting by Iain Gilbert at Sharecast.com