Travis Perkins has announced that Pete Redfern, its Chief Executive Officer, has resigned from his role because of ill health.

Redfern only succeeded to Nick Roberts in September last year, having spent 14 years as Group Chief Executive of Taylor Wimpey until 2022. He had been on the Travis Perkins Group Board as a Non-Executive Director for nine years to September 2023.

Geoff Drabble, the current Chair of the group is taking on the role of CEO while the company looks for a replacement for Redfern.

Drabble said: “The Board and I are very sorry that Pete’s brief but promising tenure as CEO has been brought to a premature conclusion for reasons beyond his and our control, and which none of us had anticipated.

“On a personal level, and on behalf of the Board, I would like to thank Pete for his valuable contribution kickstarting the Group’s efforts to refocus on the customer experience and reenergise our field operations. He leaves with our best wishes for the future.

“The Group has many inherent strengths, benefiting from nationwide coverage with market leading businesses and strong customer and supplier relationships. We have a great business which has had its issues in recent times, but which I am confident can build on its inherent strengths and deliver value for investors and all of its other stakeholders.”