SIG PLC Appoints Pim Vervaat as New CEO, Replacing Gavin Slark.

British building materials supplier SIG PLC has appointed Pim Vervaat as its new CEO and chair designate, replacing Gavin Slark. Vervaat, who has extensive experience in the construction industry, will take over the role on an unspecified date. The appointment was made by SIG's board of directors and was announced on July 8.

British building materials supplier SIG PLC has appointed Pim Vervaat as its new CEO and chair designate, replacing Gavin Slark. Vervaat, who has extensive experience in the construction industry, will take over the role on an unspecified date. The appointment was made by SIG's board of directors and was announced on July 8 [1].

Vervaat, a Dutch national, most recently served as CEO of Constantia Flexibles, a €2 billion turnover flexible packaging company acquired by One Rock in 2024. Before that, he led UK-listed RPC Group as CEO from 2013 to 2019 after serving as its CFO from 2007 to 2013. He currently holds the position of Senior Independent Director at Luceco plc [1].

"He has significant experience of operating in decentralised European businesses and a strong track record of delivering shareholder value," said Andrew Allner, SIG’s Non-Executive Chair, in the press release [1].

Vervaat will join SIG with a base salary of £750,000, inclusive of bonus, pension, and benefits entitlements. The company plans to grant him a one-off recruitment award of restricted share units valued at 285% of his base salary, subject to shareholder approval at an upcoming General Meeting [1].

Until Vervaat takes office, CFO Ian Ashton will oversee the group’s day-to-day operations, working with the company’s existing business leaders [1].

Vervaat has indicated his intention to acquire approximately £375,000 worth of SIG shares before his appointment takes effect [1].

References:
[1] https://www.investing.com/news/company-news/sig-names-pim-vervaat-as-new-ceo-and-future-chair-93CH-4125646
[2] https://www.reuters.com/sustainability/boards-policy-regulation/uks-sig-plc-appoints-pim-vervaat-new-ceo-2025-07-08/