In a surprise move today, Eurocell announced that CEO Darren Waters has stepped down from the company with immediate effect. He has been replaced by Will Truman, who was previously CFO Designate. This shake-up of the senior leadership is earlier than planned.
This was the press release published by Eurocell earlier today:
Eurocell plc, the leading UK manufacturer and distributor of door and window products to the trade, today announces that Darren Waters will step down as Chief Executive Officer (CEO) with immediate effect. The Board believes that to achieve our strategic objectives in this critical year it is in the best interests of the Company to have surety of leadership and a seamless handover, therefore the Board has appointed Will Truman as CEO commencing immediately.
Will Truman vacates his role as CFO Designate. Michael Scott has agreed to postpone his retirement and continue as CFO, whilst the Board commences a full and rigorous recruitment process to identify a permanent CFO for the business.
Derek Mapp, Chair, commented: “On behalf of myself and the Board, I would like to thank Darren for his leadership over the last 3 years, which included the acquisition of Alunet and the expansion and growth of window and door sales through the branches. He has contributed significantly to the culture change we are undertaking in the business. We wish him well in his future endeavours.”
You can read the original article here: https://eurocell2024eutfm.q4web.com/news/news-details/2026/Directorate-changes/default.aspx
No reasons or explanations were given for his sudden departure.
Eurocell’s share price fell nearly 7% today on the news.
Subscribe for FREE below to receive the weekly DGBulletin newsletter and monthly digital magazine!
