SIG Announces CEO Departure
Why we think this is neutral
The RNS announcement is regarding a directorate change, specifically the resignation of the CEO. This type of news is not one of the mandatory categories that require a more detailed analysis, so a neutral sentiment score is appropriate.
Key Points
- CEO Gavin Slark has resigned to take up a new role at Travis Perkins plc
- Slark will remain as SIG's CEO until the end of 2025 to ensure a smooth transition
- The Board is now searching for a new CEO to lead the company
Summary
The major building materials supplier has announced the resignation of its CEO, who will be leaving the company to take up a new role at a competitor.
SIG plc has announced that Gavin Slark, the Group's Chief Executive Officer, has resigned in order to take up a new role at Travis Perkins plc starting in 2026. Slark will continue as SIG's CEO for a transitionary period until 31 December 2025. The Board is now undergoing a process to identify a successor as CEO.
Key Dates
31 December 2025
Gavin Slark's last day as CEO of SIG plc
Early 2026
Gavin Slark starts new role at Travis Perkins plc
GENERAL UPDATE