REG - Grafton Group PLC - Directorate Change

GraftonAnnouncement

04/07/2022 07:00

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RNS Number : 1213R  Grafton Group PLC  04 July 2022

Gavin Slark to Step Down as Chief Executive Officer

Grafton Group plc ("Grafton, the Group") today announces that Mr. Gavin Slark
has informed the Board of his intention to step down as Chief Executive
Officer ("CEO") later this year after eleven years in the role.

Mr. Slark will continue in his roles as CEO and Board Director until stepping
down from both roles on 31 December 2022 in line with his service agreement. A
process to appoint a successor will commence immediately with the support of
an executive search firm.

Mr. Michael Roney, Chair of Grafton commented today:

"Gavin has made an outstanding contribution to Grafton and provided
exceptional leadership over the past eleven years.  Under his stewardship the
Group has further extended its geographic footprint and has been transformed
into a portfolio of higher quality and higher returning businesses with
excellent market positions and strong growth prospects.

"Supported by exceptional management teams, Gavin has overseen the development
of a best-in-class business of scale in the Netherlands and entry into the
Nordic region with the acquisition of a new growth platform in Finland.  He
also progressed initiatives to grow the market positions of our established
businesses in the UK and Ireland both organically and by acquisition, in what
is now a more digitally enabled environment with an increased focus on
sustainability opportunities.

"More recently he successfully led Grafton through the pandemic and the
divestment of the traditional merchanting business in Great Britain to leave
the Group in an exceptionally strong position, both strategically and
financially.

"On behalf of the Board, I would like to thank Gavin and extend our best
wishes for the future."

Mr. Gavin Slark, CEO added:

"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."

The Group will announce its scheduled update on trading for the half year to
30 June 2022 on 12 July 2022.

 

For further information please contact:

 

Grafton Group plc

Charles Rinn, Secretary               +353 1 216 0600

 

Murray
+353 1 498 0300/ +353 87 2269345

Pat Walsh

 

MHP Communications           +44 20 3128 8147/ +44 (0)7736
464749

Tim Rowntree

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