Travis Perkins names next CFO
The chief financial officer of building materials giant Travis Perkins has revealed plans to retire, with a successor having been confirmed.
Alan Williams has advised the company’s board that he will be retiring as chief financial officer and stepping down from the board in 2024, after seven years in the role.
Duncan Cooper, currently group finance director at Crest Nicholson, will succeed Williams. The exact dates on which Cooper will join the board and Williams will retire and step down are yet to be confirmed.
Nick Roberts, chief executive of Travis Perkins, said: “I’m hugely appreciative of the expertise Alan has brought to the group and the support he has given me and the wider leadership team.
“He has been instrumental in leading us through a period of significant change, including the successful sale of the plumbing and heating businesses and the demerger of Wickes as part of our strategy of focusing on the trade, as well as shaping our culture and our strategy to become the leading partner to the construction industry.
“We all wish Alan well in his forthcoming retirement in 2024.”
Prior to his role at Crest Nicholson, Cooper spent eight years in roles at Sainsbury’s including head of investor relations, finance director – food and director of group finance.
Nicholson commented: “I’m excited to be joining Travis Perkins plc in 2024, a market leading business with an exciting and ambitious strategy to be the leading partner to the construction industry.
“The industry is going through a period of significant change, underpinned by requirements for more sustainable, energy efficient buildings and I am looking forward to working with Nick, Jasmine and the board to help shape the next phase of the company’s evolution.”
Chair Jasmine Whitbread added: “I’m delighted that following a thorough and considered process we have been able to attract a candidate of Duncan’s calibre as our next CFO.
“His blend of experience with Sainsbury’s and in the construction industry with Crest Nicholson will enable him to apply his industry knowledge, broad business and strategic acumen and strong leadership to the ambitious agenda we have for the group.
“The board and I are very much looking forward to working with him.”