The chief executive officer of building materials distributor Grafton Group will step down at the end of this year.
Evin Slark, who has held the role for 11 years, will leave the company at the end of the year. He will also step down from his role along with the Board of Directors on December 31.
The Grafton Group, which owns the Woody’s and Chadwicks chains in Ireland, said the process to appoint a successor would begin shortly, with the backing of an executive search firm.
“I have made the decision to leave with a heavy heart, but I believe this is the right time for a new CEO to lead the business as Grafton begins its next phase of growth and development,” Mr. Slark said.
Group chairman Michael Rooney said Mr Slark had made “outstanding contributions” to the company under his leadership.
“Under his leadership, the Group has further expanded its geographical footprint and transformed into a portfolio of high quality and high return businesses with excellent market conditions and strong growth prospects.”
Mr. Slark has overseen the development of the group’s Dutch business, as well as the company’s foray into the Nordic region with the acquisition of a new platform in Finland.
Mr Ronnie said, “They took the initiative to systematically and by acquisitions develop the market positioning of our established businesses in the UK and Ireland, which is now a more digitally enabled environment with a greater focus on sustainability opportunities. “
Grafton Group will publish its trading update for the first half of the year on 12 July.