Marshalls plc
(‘Marshalls’ or the ‘Group’)
Board Changes
Marshalls, a leading manufacturer of sustainable solutions for the built environment, today announces that Matt Pullen will be stepping down from his role as Chief Executive Officer with immediate effect.
Simon Bourne, the Group’s Chief Commercial Officer, has been appointed Interim Chief Executive Officer. He joined Marshalls in 2015 as Group Operations Director, was appointed to the Board as Chief Operating Officer in 2022 and assumed additional commercial responsibilities from 2024. Simon will ensure strong continuity and a clear focus on execution for Marshalls as the Group accelerates its delivery of the ‘Transform & Grow’ strategy, which Simon was integral to developing.
A search process to appoint a permanent Chief Executive Officer, which will include consideration of external candidates, has been initiated.
No change to FY2025 expectations
As announced in the trading update on 12 November 2025, full year 2025 expectations remain unchanged, with Marshalls well positioned to benefit from a market recovery and the structural growth drivers that underpin the Group’s businesses over the medium-term.
The Board is also pleased to announce that it has further strengthened its funding position through a new four-year £270 million syndicated bank facility, which refinanced its existing facility that was due to mature in April 2027.
Vanda Murray OBE, Chair, commented:
“On behalf of the Board I would like to thank Matt for his contribution during his time as CEO during which we successfully launched our ‘Transform & Grow’ strategy. Now is the right time to refocus the business and accelerate the execution of our strategy to ensure we take full advantage of our growth opportunities.
“The Board looks forward with confidence to working with Simon in his new role as Interim CEO to drive the business forward at pace.”