Travis Perkins plc Chair Succession Announcement

 
 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. 
 
                             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 GBP7bn, 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 
 
[phone] [phone] 
 
[e-mail] [e-mail] 
 
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 (GBP320,000 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 GBP320,000. 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 - 
 
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 
 
 

(END) Dow Jones Newswires

January 06, 2021 02:00 ET (07:00 GMT)