Grafton says Ian Tyler plans to step down as chairman
Grafton says Ian Tyler plans to step down as chairman Oct 8 (Reuters) - Irish building materials supplier Grafton Group GFTU_u.L said on Thursday Ian Tyler will step down as chairman after nearly two and a half years in the role, after Tyler was appointed as chair of energy major BP BP.L last month.
BP had said at the time that Tyler would review his other board commitments to devote time and attention to BP.
Here are more details:
Grafton said it has started a search process to replace Tyler
Grafton in September maintained its full-year profit forecast of £190 million to £200 million ($263.94 million to $250.74 million), counting on strength in Ireland and Iberia to cushion a sluggish UK market
Shares in Grafton have fallen 1.4% so far this year
($1 = 0.7577 pounds)
(Reporting by Amna Mariyam in Bengaluru; Editing by Mrigank Dhaniwala)
((amna.mariyam@thomsonreuters.com; +91 8448625620))