REG-Travis Perkins Travis Perkins plc Chair Succession Announcement

Travis PerkinsAnnouncement

06/01/2021 07:00

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   Travis Perkins (TPK)
   Travis Perkins plc Chair Succession Announcement

   06-Jan-2021 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                               Travis Perkins plc

                                        

                      ("Travis Perkins" or "the Company")

                                        

                         Chair Succession Announcement

    

    

   Following its announcement of 1 October 2020, Travis Perkins today
   announces that Stuart Chambers will step down as a Director and
   Non-executive Chairman of the Company on 31 March 2021.  Following a
   rigorous and wide ranging selection process using an external search firm,
   Stuart will be succeeded as Chair by Jasmine Whitbread, currently Chief
   Executive of London First, a role from which she will step down on 30
   March 2021.  Jasmine will be appointed a Director and as Chair of the
   Company on 31 March 2021.

    

   Pete Redfern, Senior Independent Director of Travis Perkins commented:

    

   "On behalf of the Board I would like to thank Stuart for his outstanding
   leadership of the Board.  Stuart has expertly guided the Board as it has
   shaped the Group's strategy.  He leaves Travis Perkins having ensured a
   strong, capable Board is in place with the skills and experience required
   to meet the future demands on the business.

    

   We are delighted to announce Jasmine's appointment.  Jasmine has over a
   decade of experience on the boards of large public companies for whom she
   has chaired key committees.  She brings extensive leadership, third sector
   and commercial experience with exceptional strength in managing
   stakeholder relationships including with investors, governments,
   customers, partners and teams."

    

   Stuart Chambers commented:

    

   "I leave Travis Perkins in a strong position notwithstanding the
   challenges associated with COVID which it has had to deal with during
   2020.  I am proud of the efforts of all our colleagues across the Group
   and would like personally to thank them for their extraordinary
   commitment.  I leave the Company in very capable hands with an experienced
   Board, well placed to oversee the execution of and continued evolution of
   the Company's strategy.  I wish Jasmine and Travis Perkins continued
   future success."

    

   Jasmine Whitbread commented:

    

   "I am honoured to have been selected as the next Chair of Travis Perkins. 
   I look forward to working with Nick and the board at an important time for
   the Company and all its stakeholders.  The business has proved resilient
   and highly relevant through the pandemic and I'm excited about its
   future."

    

   This announcement is made pursuant to the Company's obligations under
   Listing Rule 9.6.11R.

    

   There is no further information to be disclosed under Listing Rule
   9.6.13R.

    

   The person responsible for arranging the release of this announcement is
   Robin Miller, General Counsel & Company Secretary.

    

   About Travis Perkins:

    

   Travis Perkins is the UK's leading supplier of materials and equipment to
   the building, construction and home improvement markets, and operates
   market leading businesses, including Travis Perkins Builders' Merchants,
   Toolstation, Wickes and a number of specialists in the civils, plumbing,
   heating and insulation markets, such as Keyline, BSS, City Plumbing and
   CCF and many more.  With annual revenues of £7bn, the Group employs 28,000
   colleagues across the UK, but also in France and Benelux through
   Toolstation.  The company has a proud heritage that spans over 200 years. 
   For more information, please visit www.travisperkinsplc.co.uk

    

   Enquiries:

    

   Travis Perkins Powerscourt

    

   Robin Miller Justin Griffiths/James White

   General Counsel & Company Secretary 

   +44 (0)7515 197975 +44 (0)207 250 1446

   robin.miller@travisperkins.co.uk travisperkins@powerscourt-group.com

    

    

   APPENDIX

    

   Jasmine Whitbread biography:

    

   Jasmine has been Chief Executive of London First since 2016, convening
   business leaders to keep the UK's capital globally competitive and
   delivering for the UK.  She is a non-executive director and Chair of the
   Compensation Committee of WPP plc, having joined in 2019, and since 2015
   has been a non-executive director of Standard Chartered PLC where she is
   Chair of the Brand, Values and Conduct Committee.  Jasmine is a consultant
   to Compagnie Richemont Financiere SA in her role as a member of the Ethics
   Committee.

    

   Jasmine was a non-executive director of BT Group plc from 2011 to 2019,
   where she chaired the Digital Impact and Sustainability Committee.  From
   2005 to 2010, Jasmine was CEO of Save the Children UK and from 2010 to
   2015 she was CEO of Save the Children International, having aligned all 30
   members of the federation behind a single mission, strategy, and
   operational structure.  Previously Jasmine held management positions with
   Oxfam, Thomson Financial, Cortex Corporation, and Rio Tinto.

    

   Jasmine was awarded a BA in English and an Honorary Doctorate of Laws from
   the University of Bristol and completed the Executive Program at the
   Stanford Graduate School of Business.  She is a Visiting Fellow at the
   University of Oxford.

    

   Remuneration disclosure:

    

   Stuart Chambers will receive no remuneration in respect of his role other
   than his usual fee (£320,000 per annum) pro-rated to the date of his
   departure.  He is entitled to reimbursement of his legitimately incurred
   expenses in accordance with the Company's expenses policy.

    

   Jasmine Whitbread will be paid an annual fee for her services as a
   Non-executive Director and Chair of the Company of £320,000.  She will
   receive no other remuneration from the Company.  She will be entitled to
   reimbursement of her legitimately incurred expenses in accordance with the
   Company's expenses policy.

    

                                    - Ends -

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   ISIN:           GB0007739609
   Category Code:  BOA
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   90884
   EQS News ID:    1158727


    
   End of Announcement EQS News Service

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