Travis Perkins Needs a New CEO to Keep Turnaround Efforts -- Market Talk

Dow Jones

2025/04/01

1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. "It badly needs to appoint a successor to Redfern so the transformation of the group can be continued," Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com)

(END) Dow Jones Newswires

April 01, 2025 06:17 ET (10:17 GMT)

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In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2025 06:17 ET (10:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPRKY","symbol_name":"Travis Perkins Plc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524196898","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524196898","pubTimestamp":1743502620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TPRKY":"Travis Perkins Plc","BK4104":"贸易公司与经销商","BK1215":"特殊消费者服务","03650":"KEEP"},"translate_title":"特拉维斯·帕金斯需要一位新首席执行官来保持扭亏为盈——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPRKY":0.9,"03650":1},"content_text":"1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2025 06:17 ET (10:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}