Business
CEO Steve Francis to be succeeded by Gavin Slark
CEO Steve Francis to be succeeded by Gavin Slark.
About this update from Sig Plc
[{"type":"text","content":"\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC \n UK\n LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"\n UK\n MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN \n UK\n MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n \n \n \n \n LEI: 213800VDC1BKJEZ8PV53\n \n \n \n \n \n \n 8 September 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n SIG plc\n \n \n \n \n \n \n \n (the\n \n \"Company\"\n \n or\n \n \"SIG\"\n \n )\n \n \n \n \n \n \n \n \n \n SIG CEO Steve Francis to be succeeded by Gavin Slark\n \n \n SIG announces that following its successful turnaround and return to profitability, Steve Francis will step down as CEO early next year, after three years in his role. The Board is pleased to also announce that Gavin Slark has agreed to join the Company as Steve's successor.\n \n \n \n \n \n Steve will continue to provide committed leadership as SIG's CEO until Gavin takes up his role on 1 February 2023. Steve will remain employed by SIG until 8 March 2023 and he has agreed to remain available as a consultant to the Company until 30 April 2023 to complete an orderly handover to Gavin.\n \n \n \n \n \n Gavin has a long track record of success in the\n pan-European construction distribution industry, having\n been CEO of Grafton Group plc for 11 years. Prior to Grafton, Gavin held a number of roles with BSS plc including as CEO from 2006 to 2011. As previously announced by Grafton, Gavin will step down from his role as Grafton's CEO on 31 December 2022. \n \n \n \n \n \n Commenting on the announcement, SIG's Chairman Andrew Allner said \"Steve joined SIG in February 2020 at a time of huge uncertainty for the Company. 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. It has been a pleasure to work with Steve, including in the decisions regarding the timing of this leadership transition. The Board wishes to publicly recognise Steve's significant contribution to SIG and to record its thanks to him.\"\n \n \n \n \n \n \"Gavin's proven track-record of delivering sharehol...