HVG, the diversified building and graphics products distribution business, has announced the retirement of longstanding CEO Bruce Rayment.
Bruce will step down on 23 August 2024, after 14 years as CEO of the group, and move into a part-time Executive Director role. Under his stewardship, HVG has grown substantially, acquired suppliers, built many new brands, and broadened its breadth and reach, whilst focusing on its core Australian market.
Ron Ferster, Chairman of HVG, expressed gratitude on behalf of the Board and the company. “I want to thank Bruce for his exceptional leadership, management and dedication to the role over the past 14 years; developing our people, our brands, and our sales. His individual achievements over this time are extensive.”
Following a broad external search and internal succession planning process, HVG has appointed Stephen Dorrofield, the current General Manager of HVG Facades, as Bruce's successor in the role of CEO. Stephen, who joined the company in 2010 as the General Manager of Octanorm Australia and has held a number of senior roles over the past 14 years, has demonstrated strong leadership in the building products sector. His achievements include overseeing the expansion of the group’s Victorian business and spearheading successful expansion and consolidation initiatives at HVG Facades.
Chairman Ron Ferster expressed confidence in Stephen Dorrofield's capabilities to lead HVG into its next phase of growth and performance. “Stephen's extensive experience spans across our product range, underscored by strategic initiatives in new products and market positioning. His track record in all areas of the business he has touched has been exemplary. I look forward to working closely with him as the business continues to grow.”
Reflecting on his tenure, Bruce Rayment remarked on the transformative journey of HVG, between 2010 and now. “It has been an honour and a privilege to lead HVG for the past 14 years, and it's truly remarkable to see the growth we've achieved together – expanding our revenue streams, diversifying our product portfolios, and establishing numerous significant market leading brands. None of this would have been possible without the dedication of the entire HVG team.”
“I am eternally grateful to Ron Ferster for his steadfast vision, guidance and mentorship over the journey. We have a talented senior team and I look forward to working with Stephen during the transition and assisting where I can into the future. I am sure he can take HVG to much greater heights in the years ahead.”
Image: (L-R) Incoming CEO Stephen Dorrofield, Chairman Ron Ferster, and outgoing CEO Bruce Rayment | Photo Credit: Murray Harris
