(Sharecast News) - Travis Perkins said on Tuesday that chief financial officer Alan Williams will be retiring and stepping down from the board in 2024, after seven years in the role.
Following a "thorough and considered" process, the company has decided to appoint Duncan Cooper, currently group finance director at housebuilder Crest Nicholson, to succeed Williams.
The exact dates on which Cooper will join the board and Williams will retire are yet to be confirmed.
Copper, a Chartered Accountant, has been FD at Crest Nicholson since June 2019. Prior to this, he spent eight years in roles at Sainsbury's.
Travis Perkins chair Jasmine Whitbread said: "I'd like to thank Alan for his significant contribution to the group over the last seven years, and wish him well in his retirement. Alan has been instrumental in driving the group's strong relationship with our shareholders and supporting the significant shift in strategic focus for the group.
"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."
Crest Nicholson (CRST)
Travis Perkins (TPK)