Travis Perkins chair to step down

(Sharecast News) - The chair of Travis Perkins is to step down at the end of next month, the builders merchant announced on Tuesday, just a month after the resignation of its chief executive. Jasmine Whitbread, who was appointed to the board in March 2021, will leave the business on on 31 May when senior independent director Jez Maiden will step in as interim chair.

Whitbread is currently a non-executive director at WPP and RIchemont, as well as a visiting fellow at the University of Oxford.

"We are grateful to Jasmine for her contribution and service to the Travis Perkins Group over the last three years and wish her well for the future," Maiden said.

Travis Perkins announced on 27 March that it CEO Nick Roberts would step down after five years in the role. The company said at the time that Roberts and the board were "aligned that now is the right time to search for a new leader to take the business forward".

"The board is fully focused on the succession process for chair and CEO. Our continued priorities are to transform our operating model, to build a stronger business and enhance cash generation, and rebuild shareholder value," the company said on Tuesday.