MARSHALLS PLC, manufacturers of products for the built environment, including Marley Roof Products, has announced the appointment of Matthew Pullen as Chief Executive Officer (CEO) Designate.

Matt Pullen will succeed Martyn Coffey as Chief Executive Officer on 1 March 2024. In the meantime, Matt will join the Marshalls board as a director on 8 January 2024.

Martyn will step down from the board on 29 February 2024, but will remain available as an adviser to support Matt’s induction and transition during 2024.

Matt Pullen is an experienced leader with a strong background in the built environment sector, most recently as Chief Operating Officer of manufacturers Genuit Group plc (formerly Polypipe). Before that, Matt was MD of British Gypsum in the UK, part of the Saint-Gobain Group, where he led several significant business transformations.

Prior to that, he worked for AkzoNobel for eight years in various commercial and leadership roles of increasing seniority with his last role as MD, UK & Ireland. Earlier in his career, Matt also held various operational roles within the FMCG sector.

He is a Trustee of the Construction Industry charity, CRASH, and an Industrial Cadets Ambassador.

Vanda Murray, Marshalls’ Chair, said “Under Martyn’s outstanding leadership, Marshalls has been transformed into a diversified building products manufacturer, with leading positions in its key markets, whilst retaining its culture and core values.

“During Martyn’s tenure, Marshalls has grown organically and through acquisitions, achieving its key strategic ambitions, and the Group is well positioned for when markets recover.

“Martyn will leave behind a significant legacy and we would like to thank him for his leadership over the last 10 years. Following a rigorous process to identify a successor, supported by an executive search firm, I’m delighted to welcome Matt to Marshalls and look forward to working with him.”

Marshalls reported a 12% drop in revenue this year, including in Marley’s roof solar division. The company reported revenue of £528m in the 9 months to the end of September 2023, 3% lower on the £544m figure of the same period last year. Marshalls had a strong acquisition strategy, acquiring Marley roof tiles in 2022 from its private equity firm owners, Inflexion for £535m.

Plan to Change CEO

Martyn Coffey said, “Leading Marshalls for 10 years has been the greatest privilege and pleasure of my professional life. To have grown the company with its amazing people to the position it is in today, has been an exciting and rewarding adventure. I am proud of the role that my exceptional team has played in contributing to the UK construction sector and I know that Matt inherits a strong team and a business that is ready to resume growth when markets improve.”

Matt Pullen, CEO Designate commented: “Marshalls is a business with a great heritage, strong reputation and a market leadership position in the sector. I feel privileged to have the opportunity to build on that heritage and on Martyn’s significant achievements. I am excited to start working with my new colleagues to help us achieve the company’s refreshed strategy and to engage with all our key stakeholders to ensure that we drive the business to new heights and generate sustainable value for all.”

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