Martin Stables steps down following the successful completion of a major transformation, leaving IBMG well positioned for sustainable and profitable growth.

Independent Builders Merchants Group, the UK’s leading integrated group of independent local builders’ merchants, has announced today (Wednesday 10 December) that Martin Stables, CEO since 2021, has decided to step down to pursue other opportunities.

Richard Robinson, currently CFO, has been appointed as Interim CEO, effective immediately, while maintaining his CFO duties during the brief transition. Together with Stables, IBMG’s Board of Directors has been conducting a comprehensive search for a permanent successor, which is expected to conclude over the course of the first quarter of 2026.

Stables steps down following the successful completion of a major transformation, leaving IBMG well positioned for sustainable and profitable growth. During his tenure, he played a pivotal role in steering IBMG through a change of ownership, securing a significant refinancing package, and executing key strategic initiatives.

Robinson will guide the company through a planned short transition period while the Board concludes a comprehensive search for a permanent successor. His deep understanding of the business operations, suppliers, stakeholders and strong financial acumen ensures stability and continued momentum.

An IBMG statement read: "On behalf of the Board and the entire Executive Team, we extend our deepest gratitude to Martin for his significant contributions and perseverance. We wish him every success in his future endeavours. IBMG continues to execute its strategic priorities, delivering exceptional value and service to customers, and driving sustainable growth for stakeholders and partners."