Howden Joinery Group Plc (HWDN.L) announced Friday the appointment of Andrew Livingston as Chief Executive Officer. He will succeed founder and CEO, Matthew Ingle, who has decided to retire in the first half of 2018 after 22 years with the firm.
Livingston will become a member of Howdens' Board when he leaves his current employer and will take over as CEO following a handover period with Ingle.
Richard Pennycook, Chairman of Howdens, noted that the Board has asked Ingle to become Howdens' honorary Lifetime President in recognition of his unique contribution to the firm.
Livingston is CEO of Screwfix Direct Ltd, a division of Kingfisher Plc, since 2013. He was previously Commercial and Ecommerce Director from 2009 to 2013. Before joining Screwfix, he was Commercial Director and Chief Operating Officer of Wyevale Garden Centres Plc. Prior to that he was the Commercial Director of Kitchens and Bathrooms at B&Q.
He is an independent Non-Executive Director at LondonMetric Property Plc.
Pennycook said, "Andrew has developed an outstanding strategic and operational track record at Screwfix.... Under his leadership, Screwfix has shown very strong organic growth, at the same time as a significant trade counter rollout programme. Andrew's appointment is a result of a rigorous and wide-reaching process conducted as part of our succession planning and we look forward to him leading Howdens through the next stage of its development."
Ingle founded Howdens in 1995, with just 14 depots and first year sales of 1 million pounds. In 2016, the company reported annual sales of more than 1.3 billion pounds, profit before tax of 237 million pounds and currently operates from 650 depots across the UK.
Further, Howdens confirmed that it will announce its results for the first half of 2017 on July 20.
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