Duncan Cooper will succeed Alan Williams, who is retiring from Travis Perkins sometime next year after seven years as CFO.
The exact handover date has yet to be determined.
Duncan Cooper, a chartered accountant, has been finance director at Crest Nicholson since June 2019. Before that he spent eight years in roles at Sainsbury鈥檚 including head of investor relations, finance director (food) and director of group finance.
Travis Perkins chief executive Nick Roberts said: 鈥淚鈥檓 hugely appreciative of the expertise Alan has brought to the group and the support he has given me and the wider leadership team. He has been instrumental in leading us through a period of significant change including the successful sale of the Plumbing and Heating businesses and the demerger of Wickes as part of our strategy of focusing on the trade, as well as shaping our culture and our strategy to become the leading partner to the construction industry. We all wish Alan well in his forthcoming retirement in 2024.
鈥淚鈥檓 thrilled that the Board has decided to appoint Duncan to succeed Alan as CFO. He brings an ambitious drive with a strong track record of performance focus and rich cross-sector experience having held senior leadership roles at Crest Nicholson and Sainsbury鈥檚. I鈥檓 looking forward to him joining the board and the leadership team.鈥�
Jasmine Whitbread, Chair of Travis Perkins, added that 聽Duncan Cooper鈥檚 鈥渂lend of experience with Sainsbury鈥檚 and in the construction industry with Crest Nicholson will enable him to apply his industry knowledge, broad business and strategic acumen and strong leadership to the ambitious agenda we have for the group鈥�.
Duncan Cooper said: 鈥淚鈥檓 excited to be joining Travis Perkins plc in 2024, a market leading business with an exciting and ambitious strategy to be the leading partner to the construction industry. The industry is going through a period of significant change, underpinned by requirements for more sustainable, energy efficient buildings and I am looking forward to working with Nick, Jasmine and the Board to help shape the next phase of the company鈥檚 evolution.鈥�
At Travis Perkins he will be paid a basic annual salary of 拢525,000 and will be eligible for annual incentive and restricted share plan awards. He will also receive replacement awards on a like-for-like basis as compensation for remuneration that will be forfeited on leaving his previous employer.
His basic pay at Crest Nicholson was 拢374,000 last year boosted by performance-related add-ons to 拢932,000.
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