Marshalls PLC CEO Succession (7847V)
06 Décembre 2023 - 8:00AM
UK Regulatory
TIDMMSLH
RNS Number : 7847V
Marshalls PLC
06 December 2023
6 December 2023
Marshalls plc
('Marshalls', the 'Company' or the 'Group')
CEO Succession
Marshalls plc, a leading manufacturer of products for the built
environment, today announces the appointment of Matthew (Matt)
Pullen as Chief Executive Officer Designate, who in due course will
succeed Martyn Coffey as Chief Executive Officer. Matt will join
the Board as a Director, with effect from 8 January 2024 and will
take over as CEO from 1 March 2024. Martyn will step down from the
Board on 29 February 2024, but will remain available as an adviser
to support Matt's induction and transition during 2024.
Matt is an experienced leader with a strong background in the
sector, most recently as Chief Operating Officer of Genuit Group
plc.
Commenting on the changes, Vanda Murray OBE, Chair, said "Under
Martyn's outstanding leadership, Marshalls has been transformed
into a diversified building products manufacturer, with leading
positions in its key markets, whilst retaining its culture and core
values. During Martyn's tenure, Marshalls has grown organically and
through acquisitions, achieving its key strategic ambitions, and
the Group is well positioned for when markets recover. Martyn will
leave behind a significant legacy and we would like to thank him
for his leadership over the last 10 years. Following a rigorous
process to identify a successor, supported by an executive search
firm, I'm delighted to welcome Matt to Marshalls and look forward
to working with him."
Martyn Coffey said, "Leading Marshalls for 10 years has been the
greatest privilege and pleasure of my professional life. To have
grown the Company with its amazing people to the position it is in
today, has been an exciting and rewarding adventure. I am proud of
the role that my exceptional team has played in contributing to the
UK construction sector and I know that Matt inherits a strong team
and a business that is ready to resume growth when markets
improve."
Matt Pullen, CEO Designate commented: "Marshalls is a business
with a great heritage, strong reputation and a market leadership
position in the sector. I feel privileged to have the opportunity
to build on that heritage and on Martyn's significant achievements.
I am excited to start working with my new colleagues to help us
achieve the Company's refreshed strategy and to engage with all our
key stakeholders to ensure that we drive the business to new
heights and generate sustainable value for all."
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.
Enquiries:
Vanda Murray
OBE Chair Marshalls plc +44 (0)1422 314777
+44 (0)78 34 623
Tim Rowntree MHP 818
Charlie Barker
Matt Pullen Biographical Notes
Matt is an accomplished executive leader with extensive
experience in the construction and FMCG sectors. Most recently he
served as Chief Operating Officer of Genuit Group plc, one of the
UK's largest providers of sustainable water, climate, and
ventilation products for the built environment. Before that, Matt
was Managing Director of British Gypsum, part of the Saint-Gobain
Group, based in the UK, where he led several significant business
transformations. Prior to that, he worked for AkzoNobel for eight
years undertaking various commercial and leadership roles of
increasing seniority in the UK, Ireland and Northern Europe with
his last role as Managing Director, UK & Ireland. Earlier in
his career, Matt also held various operational roles within the
FMCG sector. He is a Trustee of the Construction Industry charity
CRASH and an Industrial Cadets Ambassador.
This announcement includes the information required by Listing
Rules 9.6.11 to 9.6.13, and there is no information to report under
Listing Rule 9.6.13R (2) - (6) inclusive.
About Marshalls plc:
Established in the late 1880s, Marshalls plc is a leading UK
manufacturer of products for the built environment. It operates
through three trading divisions: Marshalls Landscape Products;
Marshalls Building Products; and Marley Roofing Products. Marshalls
Landscape Products is the UK's leading manufacturer of superior
natural stone and innovative concrete hard landscaping products,
supplying the construction, home improvement and landscape markets.
Marshalls Building Products is a supplier of concrete drainage
products, concrete bricks, ready-to-use mortars and aggregates.
Marley Roofing Products is a leader in the manufacture and supply
of pitched roofing systems, including clay and concrete tiles,
timber battens, roof integrated solar solutions and roofing
accessories.
The Group operates a national network of manufacturing and
distribution sites throughout the UK. 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 for the built
environment.
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