Crest Nicholson Holdings PLC Directorate Change (0858N)
27 May 2022 - 7:18PM
UK Regulatory
TIDMCRST
RNS Number : 0858N
Crest Nicholson Holdings PLC
27 May 2022
Crest Nicholson Holdings plc
DIRECTORATE CHANGE
Crest Nicholson Holdings plc ('Crest Nicholson' or the 'Group')
today announces a directorate change and restructure of the
Executive Leadership Team.
In January 2020, the Group outlined an updated strategy to
improve financial performance and restore Crest Nicholson to being
one of the UK's leading housebuilders. This plan was conceived on
delivering a reset in operational efficiency and standards, a
significantly strengthened balance sheet and assembling an
experienced, diverse leadership team to implement this change in
direction. All these objectives have been met, ensuring that the
first part of the Group's turnaround has been successfully
delivered.
In recognising the significant progress that has been achieved
in transforming the Group's operations and the acquisition of a
skilled management team to deliver the next phase of its strategy,
the Board and Tom Nicholson, Chief Operating Officer, have agreed
that now is the right time for Tom to leave the organisation. The
Group thanks Tom for his hard work and dedication in helping
develop and oversee the changes that now position Crest Nicholson
strongly to deliver its future growth ambitions.
The Group does not intend to replace the role of Chief Operating
Officer in the short term and will provide a further update on
progress against its strategy at its half year results for the six
months ended 30 April 2022 on Tuesday 14(th) June 2022.
Crest Nicholson
Jenny Matthews, Head of Investor Relations +44 (0) 7557 842720
Tulchan Communications
James Macey White / Giles Kernick +44 (0) 20 7353 4200
27 May 2022
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END
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