- Headlam group chief executive Tony Brewer is stepping down after 25 years with the business including 16 years as CEO.

Headlam says he has been instrumental in building the group, and the board would like to place on record its thanks and appreciation for all that he has achieved. The board hs announced that group finance director Steve Wilson will takeover as CEO with immediate effect. Wilson has been group FD since 1991.

Chairman Dick Petersm said: "On behalf of the board, I would like to express our sincere thanks to Tony Brewer for his enormous contribution to the building of Headlam into Europe's leading floorcovering distributor. We wish him well for the future."

At 3:34pm: [LON:HEAD] Headlam Group PLC share price was -6.62p at 460.38p

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