Directorate Change

RNS Number : 8141U

Galliford Try PLC

21 October 2014

 



BOARD CHANGES

21 October 2014

GALLIFORD TRY PLC

Galliford Try plc, the housebuilding and construction group, announces that after four years on the Board, Ian Coull will step down as non-executive Chairman with immediate effect due to other business and personal commitments.

Following a review of roles and responsibilities on the Board, Greg Fitzgerald will assume the role of Executive Chairman for a period ending no later than December 2015. Greg will continue to fulfil his existing executive responsibilities and to ensure that the Group's growth strategy is well executed, whilst helping the Nominations Committee in the recruitment of a new Chief Executive.   

Peter Rogers, non-executive director and senior independent director, will assume the role of interim Deputy Chairman and will support Greg in his role; ensuring that the Group's governance remains strong. Peter Rogers was appointed to the Board in July 2008. He is currently senior independent director and is a member of the Remuneration, Nomination and Audit Committees.

The Board will immediately commence a search for a new non-executive director.

Ian Coull, Chairman, said: "As a result of my growing business and personal commitments I have decided to step down as Chairman after just under four very enjoyable years at Galliford Try. I leave the business in very capable hands, and in an excellent financial position with a clear growth strategy."    

Peter Rogers, senior independent director, said: "The Board is immensely grateful to Ian for his significant contribution to Galliford Try during an exciting period of growth for the Group. Whilst we are sad to see Ian leave we completely understand his reasons for going. The Board and I look forward to working with and supporting Greg."

Greg Fitzgerald, Chief Executive, said: "I would also like to extend my personal thanks to Ian for his excellent work as Chairman over the last four years. I look forward to working closely with the Board as we continue with the Group's strategy of growth across all our businesses, and focus on securing a strong chief executive."  

For further enquiries:

Galliford Try plc	Greg Fitzgerald, Chief Executive	01895 855001
	Graham Prothero, Finance Director
Tulchan Communications	Christian Cowley	020 7353 4200
	James Macey White Giles Kernick

Notes to Editors:

Ian Coull is a non-executive director of London Scottish International, a senior adviser to Oaktree Capital Management and Stonehaven Search, a member of the Government's Property Advisory Panel and a member of the Duchy of Lancaster Council from 1 January 2014. Ian has been appointed as a non-executive director of Grainger plc with effect from 23 September 2014 and will be proposed as its chairman at its annual general meeting.

Peter Rogers was appointed to the Board in July 2008. He is a non-executive director and senior independent director and a member of the Remuneration, Nomination and Audit Committees. He is currently chief executive of Babcock International Group plc. Prior to joining Babcock in 2002, he was a director of Acordis plc, having earlier held senior executive positions in the Ford Motor Company and was a director of Courtaulds plc.

Greg Fitzgerald was appointed to the Board in July 2003 and was managing director of the housebuilding division before being appointed Chief Executive on 1 July 2005. He was a founder of Midas Homes in 1992 and its managing director when it was acquired in 1997, subsequently chairing Midas Homes and Gerald Wood Homes. He is a non-executive director of the National House Building Council.

Galliford Try plc is a leading UK housebuilding and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. The housebuilding business - through its Linden Homes and Galliford Try Partnerships brands - sells distinctive homes to the public and affordable homes to housing associations and local authority providers.  The construction business carries out building and infrastructure work across the UK with clients ranging from major Government departments through to regulated utilities and private sector companies. At the end of the last financial year to 30 June 2014, the Group generated revenues of £1.8 billion.

 

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