Orbit Capital PLC Directorate Change
10 December 2024 - 8:00PM
RNS Regulatory News
RNS Number : 3344P
Orbit Capital PLC
10 December 2024
ORBIT CAPITAL PLC
Orbit Group Limited announces appointment of new Group Board
Chair and changes to its governance structure
10
December 2024
Orbit Group Limited ('Orbit Group,
'Orbit' or the 'Company') has announced the appointment of Stephen
Jack as Group Board Chair.
Stephen Jack will start in the role in
January 2025, replacing David Weaver who leaves the role at the end
of 2024 after having served the maximum terms of office as set out
under the organisation's governance terms.
The new appointment coincides with the
organisation making changes to its governance structure to support
the delivery of its 2030 Strategy. These changes will see the
appointment of two Orbit customers to the Group Board as
non-executive directors as it looks to deliver on its ambition to
provide amongst the best customer experience of any housing
association in the country, and the combining of the Orbit Housing
Association Limited Board with the Orbit Group Limited Board under
one coterminous board, which together will oversee all aspects of
operational and strategic direction.
Commenting on these changes, Orbit
Group Chief Executive, Phil Andrew said: "These are important
changes that will help embed our 2030 Strategy in everything we do,
and I'd like to thank David for his support and counsel throughout
this process and throughout my time at Orbit.
"David will be sorely missed; however
he couldn't be handing the baton over to anyone better. Stephen's
passion for purpose and equity very much chimes with that of my
own, and I'm looking forward to working closely with him in his
role of Chair."
Stephen Jack was a fellow of the
Institute of Chartered Accountants and has had a 30-year executive
career as a Finance Director and CFO in financial services. He has
considerable board and governance experience across the private,
public, and voluntary sectors, with previous board roles including
Chair of the Independent Living Fund, Vice Chair of Anchor Hanover,
and Trustee of Royal Mencap Society. He is currently a board member
of Golden Lane Housing and has been Chair of Octavia since April
2023. He will step down from both of these roles later this month.
In 2014 Stephen received an OBE for services to disabled
people.
- Ends
-
For
further information or to arrange a meeting, please
contact: investors@orbit.org.uk
/ Lisa Astle, Director of Communications and Brand,
lisa.astle@orbit.org.uk 07775 633957
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