Update on Board & Executive Management Changes

RNS Number : 8485T

Galliford Try PLC

19 December 2012

 



GALLIFORD TRY PLC

UPDATE ON CHANGES TO THE BOARD AND EXECUTIVE MANAGEMENT

Galliford Try, the housebuilding and construction group, is pleased to confirm that, further to the announcement in June 2012 regarding his appointment, Graham Prothero will formally join the Board as Group Finance Director with effect 1 February 2013.

Graham joins Galliford Try from Development Securities plc where he has been Finance Director since 2008, and brings to the Group significant experience gained in the UK listed property and housebuilding sectors.

The Group regrettably further announces that Ian Baker has stepped down from his positions as Group Managing Director, Housebuilding and a member of the Group's Executive Board with immediate effect for reasons of sudden ill-health. Ian will remain with the business until November 2013.

The two current Divisional Housebuilding Managing Directors will report directly to Greg Fitzgerald, Chief Executive, who will oversee the housebuilding division for an interim period while a successor for Ian's position is sought internally and externally.

Ian Coull, Chairman, commented: "The Board looks forward to welcoming Graham to Galliford Try early in the New Year, and benefitting from his considerable financial and industry expertise. We, as a Board, also extend our best wishes for a swift recovery to Ian as well as our support to his family at this difficult time."

Greg Fitzgerald, Chief Executive, commented: "It is with great personal sadness that we report that Ian Baker has had to step down from the Executive Board in the most unfortunate circumstances. The Board and I thank Ian for his contribution across his career with Galliford Try.

The Board have put in place contingency arrangements to cover Ian's absence and we will update the market regarding the appointment of a successor when possible."

There remains no other information required to be disclosed under paragraph 9.6.13R of the Listing Rules.

For further enquiries, please contact:

Galliford Try                               Greg Fitzgerald, Chief Executive              01895 855001

Tulchan Communications            Christian Cowley                                    020 7353 4200

                                                James Macey White

 

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