Source: Sharecast
Travis Perkins said Slark is a highly experienced public company CEO, with "significant" experience of the building materials and merchanting industry. He has been CEO of SIG since 2023, prior to which he was CEO of Grafton Group between 2011 and the end of 2022.
Between 2006 and 2011, Slark was CEO of The BSS Group before its acquisition by Travis Perkins.
Chair Geoff Drabble said: "The board and I are delighted that Gavin has agreed to join us. We are all very much looking forward to working with him. Gavin brings with him unrivalled experience of the sector in addition to a long pedigree as a CEO of significant public companies.
"Gavin is well placed to continue the work we have started to refocus and change the way we operate in order to better serve our customers and work effectively with our suppliers, as well as engage and motivate our teams."
SIG said Slark will stay on as CEO for a transitionary period, until no later than 31 December 2025.
A process to identify a successor is now underway, it said.
SIG chairman Andrew Allner said: "The board looks forward to continuing working with Gavin until his departure. He has steered the group well through a difficult period in the European construction industry.
"He will leave in place strong and experienced leaders in each of our businesses, all operating under SIG's well established devolved structure."
At 0830 BST, TPK shares were up 4.6% at 610p, while SIG was 7.8% lower at 16.60p.