REG - Marshalls PLC - CEO Succession

MarshallsAnnouncement

06/12/2023 07:00

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RNS Number : 7847V  Marshalls PLC  06 December 2023

6 December 2023

Marshalls plc

('Marshalls', the 'Company' or the 'Group')

CEO Succession

Marshalls plc, a leading manufacturer of products for the built environment,
today announces the appointment of Matthew (Matt) Pullen as Chief Executive
Officer Designate, who in due course will succeed Martyn Coffey as Chief
Executive Officer. Matt will join the Board as a Director, with effect from 8
January 2024 and will take over as CEO from 1 March 2024. Martyn will step
down from the Board on 29 February 2024, but will remain available as an
adviser to support Matt's induction and transition during 2024.

Matt is an experienced leader with a strong background in the sector, most
recently as Chief Operating Officer of Genuit Group plc.

Commenting on the changes, Vanda Murray OBE, Chair, said "Under Martyn's
outstanding leadership, Marshalls has been transformed into a diversified
building products manufacturer, with leading positions in its key markets,
whilst retaining its culture and core values. During Martyn's tenure,
Marshalls has grown organically and through acquisitions, achieving its key
strategic ambitions, and the Group is well positioned for when markets
recover. Martyn will leave behind a significant legacy and we would like to
thank him for his leadership over the last 10 years. Following a rigorous
process to identify a successor, supported by an executive search firm, I'm
delighted to welcome Matt to Marshalls and look forward to working with him."

Martyn Coffey said, "Leading Marshalls for 10 years has been the greatest
privilege and pleasure of my professional life. To have grown the Company with
its amazing people to the position it is in today, has been an exciting and
rewarding adventure. I am proud of the role that my exceptional team has
played in contributing to the UK construction sector and I know that Matt
inherits a strong team and a business that is ready to resume growth when
markets improve."

Matt Pullen, CEO Designate commented: "Marshalls is a business with a great
heritage, strong reputation and a market leadership position in the sector. I
feel privileged to have the opportunity to build on that heritage and on
Martyn's significant achievements. I am excited to start working with my new
colleagues to help us achieve the Company's refreshed strategy and to engage
with all our key stakeholders to ensure that we drive the business to new
heights and generate sustainable value for all."

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014),
as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement and is
disclosed in accordance with the Company's obligations under Article 17 of
those Regulations.

Enquiries:

 Vanda Murray OBE  Chair  Marshalls plc  +44 (0)1422 314777

 Tim Rowntree             MHP            +44 (0)78 34 623 818
 Charlie Barker

 

Matt Pullen Biographical Notes

Matt is an accomplished executive leader with extensive experience in the
construction and FMCG sectors. Most recently he served as Chief Operating
Officer of Genuit Group plc, one of the UK's largest providers of sustainable
water, climate, and ventilation products for the built environment. Before
that, Matt was Managing Director of British Gypsum, part of the Saint-Gobain
Group, based in the UK, where he led several significant business
transformations. Prior to that, he worked for AkzoNobel for eight years
undertaking various commercial and leadership roles of increasing seniority in
the UK, Ireland and Northern Europe with his last role as Managing Director,
UK & Ireland. Earlier in his career, Matt also held various operational
roles within the FMCG sector. He is a Trustee of the Construction
Industry charity CRASH and an Industrial Cadets Ambassador.

This announcement includes the information required by Listing Rules 9.6.11 to
9.6.13, and there is no information to report under Listing Rule 9.6.13R (2) -
(6) inclusive.

About Marshalls plc:

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of
products for the built environment. It operates through three trading
divisions: Marshalls Landscape Products; Marshalls Building Products; and
Marley Roofing Products. Marshalls Landscape Products is the UK's leading
manufacturer of superior natural stone and innovative concrete hard
landscaping products, supplying the construction, home improvement and
landscape markets. Marshalls Building Products is a supplier of concrete
drainage products, concrete bricks, ready-to-use mortars and aggregates.
Marley Roofing Products is a leader in the manufacture and supply of pitched
roofing systems, including clay and concrete tiles, timber battens, roof
integrated solar solutions and roofing accessories.

The Group operates a national network of manufacturing and distribution sites
throughout the UK. Marshalls is committed to quality in everything it does,
including the achievement of high environmental and ethical standards and
continual improvement in health and safety performance. Its strategic goal is
to become the UK's leading manufacturer of sustainable solutions for the
built environment.

 

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