It has certainly been a time of changes lately, with a number of senior executives within the plant & tool hire sectors changing roles, joining different companies or otherwise being required to seek new opportunities. To the latter, it has just been announced that Travis Perkins CEO Nick Roberts is to step down after five years in the role.

The TP Board and Nick apparently agree that now is the right time to seek a new leader to take the business forward and the Nominations Committee is currently looking for his successor. Nick has agreed to remain in his role while that happens.

“On behalf of the Board, I would like to thank Nick for his dedication and contribution to the business over the last five years. While there has been good progress made in modernising the business, the Board fully recognises the under performance of the business over recent reporting periods, in the context of continued economic challenges and end market weakness," explained Chair Jasmine Whitbread.

"We remain fully focused on improving profitability and enhancing cash generation, as well as accelerating changes to our operating model to create a simpler, more efficient business, well positioned to emerge stronger when markets recover and to grow shareholder value,"

While Nick Roberts added: “Travis Perkins is a great company with a talented team and I have been privileged to serve as CEO for the last five years. I am proud of the progress we have made in modernising the company. While the Board identifies my successor, I will continue to rigorously execute on our plan and drive performance.”