BIRKBY-based paving supplier Marshalls plc has announced that chief executive Graham Holden is to retire.
Mr Holden, who joined Marshalls in 1986 and was appointed chief executive in 2004, intends to retire as chief executive and a director of the company by April next year.
The board’s nomination committee has appointed headhunters to help find a successor.
Chairman Andrew Allner praised Mr Holden for his “leadership and stewardship at a time of significant change in our industry” and added: “On retirement, Graham will leave Marshalls as a strong brand with market leading positions and a reputation for quality and integrity.”
Mr Holden said Marshalls, which has operations in Elland and Brighouse, was in good shape with an experienced executive team.
He said: “I have been chief executive for over nine years and with the group for 26 years. I am proud of what the business has achieved in that time and believe Marshalls is very well-positioned for future growth and success.
“Having taken significant action to adapt the business, we are clearly focused on delivering our growth initiatives. For now, it is business as usual but in the next 12 months I shall hand over to a successor who will lead Marshalls in the next stage of its development.”
The board confirmed that Marshalls is trading in line with current market expectations and will issue an update as planned at its annual meeting on May 15.