Travis Perkins has announced the resignation of CEO Pete Redfern after just six months in the role due to health concerns. The company’s shares fell by over 5% following the news. Chair Geoff Drabble commented on Redfern’s promising, albeit brief, time leading the company, which has faced challenges amidst a slump in UK housebuilding. Emphasizing health as a priority, Drabble expressed gratitude for Redfern's work in refocusing the company’s customer experience efforts as they begin the search for a new CEO.
Building supplies firm Travis Perkins announced the departure of chief executive Pete Redfern due to ill health, resulting in a 5% drop in shares.
Chair Geoff Drabble expressed regret over Redfern's unexpected departure, emphasizing that health must take priority and thanking him for his contributions.
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