SIG picks Grafton's Gavin Slark to replace Steve Francis as new CEO

(Alliance News) - SIG PLC on Thursday named Grafton Group PLC's Gavin Slark as its new chief ...

Alliance News 8 September, 2022 | 9:04AM
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(Alliance News) - SIG PLC on Thursday named Grafton Group PLC's Gavin Slark as its new chief executive, as Steve Francis plans to step down after three years.

Francis joined the Sheffield, England-based insulation, roofing, commercial interiors and construction products supplier in February 2020 as CEO.

SIG said that Francis will remain as CEO until Slark takes up the role on February 1 next year. He will also remain employed by the company until March 8, 2023, and has agreed to remain available as a consultant until the end of April next year.

Slark has been CEO of Grafton Group PLC for 11 years and will step down from his role at the Dublin-based building materials firm on December 31.

Prior to this, he held a number of roles with BSS Group PLC, including as CEO from 2006 to 2011.

Chair Andrew Allner said: "It is to his tremendous credit that Steve not only steadied the ship but went on to lead SIG out of turnaround and delivered a return to growth.

"Gavin's proven track-record of delivering shareholder value in our industry made him the stand-out candidate to succeed Steve, and the Board is delighted that he will be joining us as CEO early next year," Allner added.

Shares in the company were up 3.7% to 32.50 pence each in London on Thursday morning.

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Grafton Group PLC Units 926.30 GBX -1.46 -
SIG PLC 26.60 GBX -1.85 -

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