Waqar Ahmed to
step down as L&Q's Group Finance Director
Waqar Ahmed has announced that he will be
stepping down as L&Q's Executive Group Director for Finance by
the end of the current financial year.
However, after stepping down, Waqar will
continue to work with L&Q on a project basis, as an advisor on
initiatives exploring opportunities to facilitate increased
investment in affordable housing.
Waqar joined L&Q as Finance Manager in 1997
and has made a major contribution to L&Q's growth to become one
of the country's largest developers and providers of social and
affordable housing. Over the past 27 years he has been at the
forefront of social housing finance and has spearheaded what is
widely regarded as one of the most ambitious financial strategies
in the sector.
Speaking about the announcement, Waqar said:
"It has been a great privilege to spend three decades working for
an organisation that has always had social purpose at its heart,
and puts residents and communities first.
"I have worked with incredible people over the
years, and I know the current team has the talent, ambition and
determination to drive L&Q forward and grapple the housing
crisis head on. I shall be watching their continued progress with
pride, and wish them every success as L&Q continues to use its
financial strength to tackle the challenges and grasp the
opportunities ahead."
L&Q Chief Executive, Fiona Fletcher-Smith
said: "Waqar has always cared deeply about social housing, and over
the past 27 years he has made an immeasurable contribution to the
sector. Most people will know him as L&Q's financial
figurehead, but he has always been happy to share his time and
expertise with other like-minded organisations, as demonstrated by
his board roles with Crisis and the National Housing
Federation.
"He has been central to the growth of L&Q
over the past three decades, and his legacy can be seen in both the
organisation that we are today, and the formidable finance team he
has led and nurtured which will now take forward his work. Everyone
at L&Q wishes him the very best for his next
chapter."
L&Q will begin the search for his successor
immediately and are working with Elizabeth Campion at Michael Page
on this.
For further information, please
contact:
investors@lqgroup.org.uk
James Howell, Director of
Partnerships
020 8189 1596
www.lqgroup.org.uk
END