Countryside Properties PLC Directorate Change (1337U)
21 November 2019 - 6:02PM
UK Regulatory
TIDMCSP
RNS Number : 1337U
Countryside Properties PLC
21 November 2019
21 November 2019
Countryside Properties PLC
CEO Succession
Countryside Properties (the 'Group'), a leading UK home builder
and urban regeneration partner, today announces that Ian Sutcliffe,
Group Chief Executive, is to retire from the Group on 31 March
2020. He will step down from the Board and be succeeded by Iain
McPherson, currently head of the Group's Partnerships South
business, on 1 January 2020.
Mr Sutcliffe joined the Group in 2013 as Executive Chairman and
led, as Group Chief Executive, its successful listing on the London
Stock Exchange in February 2016. Under his leadership, the creation
of the Partnerships and Housebuilding divisions and the adoption of
a mixed-tenure approach to placemaking and communities has unlocked
significant growth and created strong returns for shareholders.
Mr McPherson has extensive industry experience gained from
various roles over the last 23 years in both housing associations
and major housebuilders. He joined Countryside in 2014 as Managing
Director of the Housebuilding South region which he successfully
created and grew to its current mature position. As Chief Executive
of Partnerships South he has developed key large scale sites in
London and the South East and is a key member of our Executive
Committee.
David Howell, Non-Executive Chairman of Countryside, said:
"On behalf of the Board, I would like to thank Ian for the
outstanding job he has done in leading Countryside. He has built a
fantastic team and successfully guided the company through its IPO
in February 2016. He has consistently delivered strong, profitable
growth and returns, leaving the Group well positioned for the
future. We are grateful for Ian's leadership of the Group and wish
him all the best in the years ahead. We are delighted to welcome
Iain McPherson to the Board as Group Chief Executive. He brings
deep industry knowledge and operational experience to lead the
business into the future."
Ian Sutcliffe, Group Chief Executive, said:
"It has been a real privilege to lead Countryside for the past
six years. It is a tremendous business with an incredibly talented
workforce. I am immensely proud of what we have all achieved
together and I would like to thank David, the rest of the Board and
everyone at Countryside for the unwavering support they have given
the business over the years. I have worked closely with Iain over
the past few years and am delighted to be handing over the reins to
someone of Iain's calibre. I wish Iain and Countryside all the very
best for the future."
Iain McPherson, Group Chief Executive Designate, said:
"I am delighted to be taking on the role of Group Chief
Executive and to continue the strategy that has been so successful
under Ian's leadership. We have an exceptional business with a
fantastic team and I look forward to building on our excellent
track record of results and growth."
ENDS
For further information, please contact:
Countryside Properties
David Howell, Non-Executive Chairman,
Ian Sutcliffe, Group Chief Executive
Victoria Prior, Investor Relations & Strategy
Director 01277 260 000
Brunswick Group
Nina Coad
Oliver Sherwood 0207 404 5959
Note to editors
Countryside is a leading UK home builder and regeneration
partner specialising in place making and urban regeneration. Our
business is centred around two complementary divisions,
Partnerships and Housebuilding. Our Partnerships division
specialises in urban regeneration of public sector land, delivering
private and affordable homes by partnering with local authorities
and housing associations. The Housebuilding division, operating
under Countryside and Millgate brands, develops sites that provide
private and affordable housing, on land owned or controlled by the
Group. Countryside was founded in 1958. It operates in locations
across London, the South East, the North West of England, the
Midlands and Yorkshire.
For further information, please visit the Group's website:
www.countrysideproperties.com
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END
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