DS Smith Plc has announced that Miles Roberts informed the company of his intention to retire from the Board and from his role as CEO.
It is intended that Mr Roberts' formal notice period will start on 1 December 2024, which means that he would retire from the Board and step down as CEO no later than 30 November 2025. This will give the Company an appropriate amount of time to identify and appoint his successor.
During the recruitment process, Mr Roberts will remain as a director of the Company and CEO.
Geoff Drabble, Chair of the Company said: "There will be plenty of time to thank Miles properly when he leaves, but he has served the Company exceptionally over the last 13 years and has transformed the Group into what it is today. He will be much missed by both the Board and his colleagues within the wider business."
Miles Roberts added: "I have enjoyed every moment of my career with DS Smith and it has been a pleasure to work with my colleagues and the Company's customers, suppliers and other stakeholders. After 13 years this seemed like the appropriate time to make this announcement, so that a proper succession and orderly handover process can take place. In the meantime I remain fully focussed on continuing to develop and strengthen our business and leadership in the circular economy".