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Davy Research

Marshalls

CEO steps down

Nov 27 2025, 07:59 GMT
Flor O'Donoghue
Company Report
6 page(s)

Sectors : Building products

Companies : Marshalls

Ratings and price correct at time of issue.

Marshalls

Closing Price: 177p
RATING 10/11/21
NEUTRAL
PREVIOUS RATING N/A

Person's Name

Flor O'Donoghue

Analyst

DAVY VIEW

Matt Pullen is to step down as CEO of Marshalls with immediate effect. He was only in the position since early 2024 but after announcing a refreshed strategy in November last year, credibility was damaged by a very material profit warning in July. The group has underachieved, and restoring confidence in the investment case – which will take time – will be the challenge for a new CEO.

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Nov 27 2025, 07:59 GMT