Taylor Wimpey PLC Board Changes (5446L)
20 April 2018 - 4:00PM
UK Regulatory
TIDMTW.
RNS Number : 5446L
Taylor Wimpey PLC
20 April 2018
20 April 2018
Taylor Wimpey plc
Change of Group Finance Director and Appointment of Group
Operations Director to the Board of Taylor Wimpey plc
Taylor Wimpey plc announces that Ryan Mangold will be leaving
his role as Group Finance Director after almost eight years in that
position. Ryan will step down as a Director on 20 April 2018 but
will continue to have an active role in the business until 31
December 2018, which will include helping to oversee the half year
accounts and help to ensure an orderly transition. He will then be
on garden leave until 19 April 2019.
Consistent with his contractual terms, Ryan will be paid salary
and benefits in the normal way, will be considered for a bonus for
the period of the FY18 actually worked by him and will be eligible
to receive outstanding share awards, with long term incentive
awards prorated and subject to previously set performance targets.
Further details will be available on our website shortly.
Ryan will be succeeded by Chris Carney who will be appointed to
the Board as Group Finance Director with effect from 20 April 2018.
Chris is currently the Divisional Chairman of the Company's London
and South East Division, a role he has held since 2015. Chris is a
Chartered Accountant and having worked in both private practice and
for Associated British Foods plc, joined Taylor Wimpey in 2006 as
Group Financial Controller, a post he held until 2008. Chris then
became the Finance Director of Taylor Wimpey UK (the Group's main
operating company), before undertaking the role of Managing
Director of the Company's South Thames business unit.
The Company is pleased to announce that Chris will be succeeded
by Ingrid Osborne as the Divisional Chairman for the London and
South East Division. Ingrid has significant operational and
commercial experience and is currently the Divisional Managing
Director of our Central and East London businesses. She is also a
member of the Group Management Team.
The Company also announces the appointment of Jennie Daly to the
Board as Group Operations Director with effect from 20 April 2018.
Jennie joined Taylor Wimpey in 2014 from Redrow plc, as UK Planning
Director, before becoming UK Land Director in 2015. She has a
wealth of experience in the housebuilding industry gained from
roles which include strategic land oversight at Westbury plc and
managing director of Harrow Estates Plc. As Group Operations
Director, Jennie oversees our land, planning, design and technical,
production and supply chain functions, in addition to managing the
Taylor Wimpey Logistics business. Jennie is also a non-executive
director of the Peabody Trust.
Kevin Beeston, Chairman, said: "On behalf of the Board, I would
like to express our sincere thanks to Ryan for his significant
contribution to Taylor Wimpey as Group Finance Director over the
past eight years and would like to wish him all the very best for
the future.
I am also delighted to welcome both Chris Carney and Jennie Daly
to the Board as Group Finance Director and Group Operations
Director respectively. Both Chris and Jennie are existing members
of the Group Management Team and each has a wealth of experience in
the housebuilding industry, which will help to further strengthen
the Board. I wish Chris and Jennie every success in their new
roles. I would also like to wish Ingrid every success in her new
role as Divisional Chairman of the London and South East Division.
I am particularly pleased that the Board's active succession
planning focus has produced such outstanding candidates, as well as
helping to provide further opportunities in the business."
Ryan Mangold said: "I have thoroughly enjoyed my time at Taylor
Wimpey having improved the strength and quality of the balance
sheet and, as a member of the senior management team, driven a
material improvement in business performance. I leave the Board
with the business in a very strong financial position and I wish
Taylor Wimpey continued success for the future."
The Company confirms that the business continues to trade in
line with the Board's expectations and we look forward to updating
shareholders further at our AGM on 26(th) April 2018.
There are no other details that require to be disclosed in
respect of the appointment of Chris Carney or Jennie Daly to the
Board of Taylor Wimpey plc pursuant to Rule 9.6.13 of the UK
Listing Rules.
-Ends-
For further information please contact:
Taylor Wimpey plc Tel: +44 (0) 1494 558323
Pete Redfern, Chief Executive
James Jordan, Group Legal Director and Company Secretary
Debbie Archibald, Investor Relations
Finsbury Tel: +44 (0) 20 7251 3801
Faeth Birch
Anjali Unnikrishnan
Notes to editors:
Taylor Wimpey plc is a UK-focused residential developer,
operating at a local level from 24 regional businesses across the
UK. We also have operations in Spain.
For further information please visit the Group's website:
www.taylorwimpey.co.uk/corporate
This information is provided by RNS
The company news service from the London Stock Exchange
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