Bovis Homes Group PLC Directorate Change (6006T)
09 January 2017 - 6:00PM
UK Regulatory
TIDMBVS
RNS Number : 6006T
Bovis Homes Group PLC
09 January 2017
9 January 2017
Bovis Homes Group PLC
Directorate Change
The Board of Bovis Homes Group PLC announces today that David
Ritchie, Chief Executive, has notified the Group of his intention
to leave the Company. David will step down as Chief Executive of
the Group and as a Board Director with immediate effect but will
remain with the Group until 28 February 2017 to assist with the
process of transition.
The Board has appointed Earl Sibley, the Group's Finance
Director, as Interim Chief Executive with immediate effect and will
immediately initiate a process to appoint a permanent successor
which is expected to take several months.
Commenting on his decision to leave, David said:
"It has been a privilege to serve Bovis Homes as its Chief
Executive over the last eight years as the Group has doubled in
size and delivered record profits. I believe now is the right time
for someone new to lead the Group into its next phase of
development. I have spent over 18 years working for this great
company and I wish Bovis Homes every success in the future."
Ian Tyler, Chairman, commented:
"On behalf of the Company, I would like to thank David for his
major contribution to Bovis Homes over his 14 years on the Board
initially as Group Finance Director, then Group Managing Director
and as Chief Executive since 2008. During his time as Chief
Executive, the Group successfully navigated the housing market
recession and has grown rapidly since 2009. David was instrumental
in preparing the Group for growth and then implementing the new
strategy. We wish David the very best for the future and every
success in his next venture."
Enquiries:
Ian Tyler, Chairman
Bovis Homes Group PLC
Tel: 020 3128 8540 (today)
Reg Hoare, James White, Giles Robinson, Charlie Barker
MHP Communications
Tel: 020 3128 8540
Email: bovis@mhpc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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