REG-Travis Perkins PLC : Directorate change <Origin Href="QuoteRef">TPK.L</Origin>

Travis PerkinsAnnouncement

27/06/2017 07:05

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Appointment of Chairman Designate

Travis Perkins Plc (the "Company") has today announced the appointment of
Stuart Chambers as Chairman with effect from November 2017. Stuart will join
the Board of the Company from 1 September 2017 as a non-executive director and
Chairman Designate and will succeed Robert Walker as Chairman when Robert
retires from the Board in November 2017.

Stuart has had a long executive career which included 13 years at Pilkington
plc and NSG Group (which acquired Pilkington in 2006), ultimately serving as
CEO of both companies. Prior to that Stuart spent 10 years at Mars and 10
years at Shell in a range of senior operational management roles. Stuart is
currently a member of the Takeover Panel and is the Chairman designate at
Anglo American, joining that Board on 1 September 2017. He was chairman of ARM
Holdings plc and Rexam plc until last year and has also served as a director
on the boards of Tesco plc, Smiths Group plc, Manchester Airport and
Associated British Ports.

John Carter, Chief Executive Officer said: "I would like to thank Robert for
his immense contribution to our success during his tenure.  His wise counsel
and great experience will be missed when he retires. We wish him all the best
for the future.  I am delighted that Stuart has agreed to Chair our Board
through our next phase of growth and development"

Commenting on his appointment, Stuart Chambers said:

"It will be an honour to become Chairman of this great company and I look
forward to working with the Board and John Carter and his team and playing my
part in helping guide Travis Perkins to further success in the future."

Robert Walker, Chairman, commented:

"It has been a privilege to have been the Chairman of Travis Perkins for
almost eight years.  It is a company with a great history and strong and
proven business model and I am confident that Stuart is the right person to
chair the Board for the next phase of the Company's development.  I am very
pleased that Stuart will be joining our board in September and succeeding me
as Chairman later in the year.  Good medium term succession planning is
important and this appointment is the result of a thorough process."
FOR MORE INFORMATION PLEASE CONTACT:
David Allchurch, Tulchan   
                                          
                +44 (0) 20 7353 4200
NOTES TO EDITORS
Stuart Chambers served as Chairman of ARM Holdings plc (2014-2016) and Rexam
plc (2012-2016). He served as a non-executive director on the boards of Tesco
plc (2010-15), Manchester Airport Group plc (2010-13) and Smiths Group plc
(2006-2012).  There are no additional details to disclose under Listing Rule
9.6.13R in respect of the appointment of Stuart Chambers.
REMUNERATION ARRANGEMENTS
As Chairman, Stuart Chambers will receive a fee of £320,000 p.a. which covers
all duties. This fee is fixed for a period of 3 years and will be reviewed in
December 2020.  25% of the fee will be paid in shares and 75% will be paid in
cash.  On joining he will receive one third of the full fee (on a pro rata
basis) until becoming Chairman in November 2017.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Travis Perkins PLC via Globenewswire