Travis Perkins plc

CEO to leave

  • Sectors : Builders Merchants
  • Companies : Travis Perkins plc

Ratings and price correct at time of issue.

  • Travis Perkins plc

    Closing Price: 726p

  • RATING 28/05/20

  • PREVIOUS RATING 01/07/16



Travis Perkins is looking for a new CEO as it has been announced that the incumbent Nick Roberts is to step down. A new CEO offers the chance for the group to start afresh and reverse its recent underperformance. This will involve deciding on the future of the heavily loss-making Toolstation Europe business (a full exit would make sense). We would identify improving the performance of the core Merchanting division as a further priority.

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Mar 27 2024, 08:05 GMT