Marshalls plc, the Elland, West Yorkshire-based stone and landscaping firm, said on Thursday that Matt Pullen will be stepping down from his role as chief executive officer with immediate effect.

Simon Bourne, Marshalls’ chief commercial officer, has been appointed interim chief executive officer.

Bourne 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.  

A search process to appoint a permanent CEO, which will include consideration of external candidates, has been initiated.

Marshalls shares have fallen about 44% in the past year.

Marshalls also said: “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.”

Marshalls 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.”