Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Marshalls CEO Matt Pullen steps down with immediate effect

Thu 27 Nov 2025 07:27

(Sharecast News) - Hard landscaping products manufacturer Marshalls said on Thursday that Matt Pullen will be stepping down from his role as chief executive officer, with immediate effect. Marshalls said Simon Bourne, the group's chief commercial officer, has been appointed interim CEO, while a search process to appoint a permanent CEO, which will consider both internal and external candidates, has been initiated.

The FTSE 250-listed firm also stated that its full year 2025 expectations remained unchanged, with Marshalls "well positioned to benefit from a market recovery and the structural growth drivers" over the medium-term.

Marshalls added that it has "further strengthened its funding position" through a new four-year £270m syndicated bank facility, which refinanced its existing facility that was due to mature in April 2027.

Chair Vanda Murray said: "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."

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Fri 04 Sep 2026 12:27
BHP says it 'regularly explores options' after report Baowu eyeing iron ore mine stake
(Sharecast News) - BHP said on Friday that it "regularly explores options that may create long-term value to its shareholders" following a report that steelmaker China Baowu Steel Group is considering taking a stake in the company's Jimblebar iron ore mine in Western Australia.
Fri 04 Sep 2026 10:57
UK new car registrations jump as EV demand accelerates
(Sharecast News) - UK new car registrations rose sharply in August as demand for electric and hybrid vehicles strengthened, industry data revealed on Friday, although September is expected to provide a more meaningful test of underlying demand.
Fri 04 Sep 2026 10:57
JPMorgan reiterates 'overweight' on Prudential; cites cash conversion, buyback upside
(Sharecast News) - JPMorgan reiterated its 'overweight' rating on Prudential on Friday on cash conversion and buyback upside.
Fri 04 Sep 2026 09:19
Goldman upgrades Vodafone to 'buy', hikes price target
(Sharecast News) - Goldman Sachs upgraded Vodafone on Friday to 'buy' from 'sell' on higher relative returns and equity upside, despite its lower structural quality.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026