Key Kingspan Executive Retires After Grenfell Revelations
- U.K. public inquiry leads to questions around company culture
- Investors have been raising issues with the firm’s management
Tributes to victims of the Grenfell Tower fire.
Photographer: Hollie Adams/Getty Images
This article is for subscribers only.
Kingspan Plc said a key executive will retire within weeks, a day after the Irish manufacturer apologized for “shortcomings” uncovered by an inquiry into England’s deadliest fire in 75 years.
Peter Wilson, 64, will step down as divisional managing director of the Insulation Boards business and as a company director at the end of the year, the firm said on Thursday. Earlier this week, Kingspan acknowledged “unacceptable conduct” at its U.K. Insulation business after revelations at the public investigation into the deaths of 72 people in the 2017 Grenfell tower blaze in London.