Builders merchant Travis Perkins has promoted current chief operating officer John Carter to deputy chief executive, with effect from 1 January 2012.
The Wickes owner said the move comes as part of an organisational shake-up including the creation of four divisions for the group's operating businesses.
"This new role of deputy chief executive combines responsibility for the enlarged business operating through these four divisions with a wider group of central functions, including IT and Customer Development," Travis Perkins explained.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The role brings together the operating businesses and those functions, including supply chain and direct sourcing (currently reporting to John as COO) that have a major role to play in its organic development programme," the group said.
During this second phase, the group's merchanting business system will be adapted and rolled out throughout the BSS branch network.
"The BSS integration programme remains on track to deliver its financial targets by the end of 2012, one year ahead of schedule. This appointment enhances the focus on these two strategic priorities," Travis Perkins said.
Chairman Robert Walker added, "We look forward to his contribution to the future development of the group".
--
cj
-
AI will maintain Moody’s market leadOpinion Veteran data provider Moody's has adapted well to the modern world, and is one of Warren Buffett’s longest-held investments
-
Larger homes drive house price growth – HalifaxThe average cost of a house in Britain is more than £10,000 higher than last year, according to the latest house price index
