UK's SIG names finance chief Simon Kesterton as next CEO
UK's SIG names finance chief Simon Kesterton as next CEO Oct 9 (Reuters) - British building materials supplier SIG SHI.L said on Friday finance chief Simon Kesterton will succeed Pim Vervaat as CEO on May 1, 2027, as part of a planned management succession.
Vervaat will remain chief executive until then before moving into the role of non-executive chair
Kesterton, who previously served as CFO of construction and infrastructure firm Kier KIE.L and packaging manufacturer RPC Group, joined SIG as CFO and executive director in May
Chair Andrew Allner said Kesterton's commercial insight and strong financial discipline will help SIG deliver its Vision 2030 strategy as CEO
Vision 2030 includes a £50 million ($66.19 million) operating profit uplift by mid-2028 and at least £100 million of cash generation by end-2027, among other financial performance targets announced in August
($1 = £0.7555)
(Reporting by Neeshita Beura in Bengaluru; Editing by Subhranshu Sahu)