REG - Marshalls PLC - Board changes

MarshallsAnnouncement

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RNS Number : 1822J  Marshalls PLC  27 November 2025

27 November 2025

 

 

 

Marshalls plc

('Marshalls' or the 'Group')

 

Board Changes

 

Marshalls, a leading manufacturer of sustainable solutions for the built
environment, today announces that Matt Pullen will be stepping down from his
role as Chief Executive Officer with immediate effect.

 

Simon Bourne, the Group's Chief Commercial Officer, has been appointed Interim
Chief Executive Officer. He joined Marshalls in 2015 as Group Operations
Director, was appointed to the Board as Chief Operating Officer in 2022 and
assumed additional commercial responsibilities from 2024. Simon will ensure
strong continuity and a clear focus on execution for Marshalls as the Group
accelerates its delivery of the 'Transform & Grow' strategy, which Simon
was integral to developing.

 

A search process to appoint a permanent Chief Executive Officer, which will
include consideration of external candidates, has been initiated.

 

No change to FY2025 expectations

 

As announced in the trading update on 12 November 2025, full year 2025
expectations remain unchanged, with Marshalls well positioned to benefit from
a market recovery and the structural growth drivers that underpin the Group's
businesses over the medium-term.

 

The Board is also pleased to announce that it has further strengthened its
funding position through a new four-year £270 million syndicated bank
facility, which refinanced its existing facility that was due to mature in
April 2027.

 

Vanda Murray OBE, Chair, commented:

 

"On behalf of the Board I would like to thank Matt for his contribution during
his time as CEO during which we successfully launched our 'Transform &
Grow' strategy. Now is the right time to refocus the business and accelerate
the execution of our strategy to ensure we take full advantage of our growth
opportunities.

 

"The Board looks forward with confidence to working with Simon in his new role
as Interim CEO to drive the business forward at pace."

 

 

Enquiries:

 

 Marshalls plc
 Vanda Murray, Chair   +44 20 7427 5412

 Teneo (Financial PR)
 Martin Robinson       +44 20 7427 5412

 Giles Kernick

 

 

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.

 

Note to the Editor:

 

About Marshalls plc:

 

Established in the late 1880s, Marshalls plc is a leading UK manufacturer of
sustainable solutions for the built environment. It operates through three
trading divisions: Landscaping; Building; and Roofing. At a Group, divisional
and brand level, Marshalls' strategy centres around its customers who value
its unique set of capabilities, namely leading brands, best in class technical
and design support and carbon leadership. This is underpinned by business wide
enterprise excellence, leadership in ESG governance and standards and its
people, organisation, and culture.

 

The Group operates a national network of manufacturing and distribution sites.
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 and products for the
built environment.

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