Directorate Change

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: [phone] (today)

Reg Hoare, James White, Giles Robinson, Charlie Barker
MHP Communications
Tel: [phone]

Email: [e-mail]

 

END

 

 

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