– IRELAND, Dublin – Cairn Homes plc (ISE/LSE:CRN), the leading Irish homebuilding company, today announces changes to the composition of its Board comprising of the appointment of three new independent non-executive Directors, Ms. Jayne McGivern, Ms. Linda Hickey and David O’Beirne.
The Board of Cairn, led by the Nomination Committee and assisted by Korn Ferry, an external recruitment and advisory company, engaged in a process to review the structure, composition and capability of the Board to ensure that Cairn has the right mix of skills and experience at Board level to match its scale, ambition and growth objectives. As a result of this process, three new Directors have been appointed to the Group’s Board. Ms. Jayne McGivern and Mr. David O’Beirne will join the Board effective 1 March 2019. Ms. Linda Hickey will join the Board upon her retirement from Goodbody Stockbrokers at a date to be confirmed in April 2019.
John Reynolds, Chairman of Cairn, commented: “We are delighted to announce the appointment of Jayne, Linda and David to the Board as non-executive Directors. As the Group continues to grow and expand, the appointment of three new Directors will bring invaluable property sector, capital markets, legal expertise and broaden the diversity and experience of our Board. Both Linda and David bring a depth of cross sectoral experience in their fields which includes significant exposure to the construction and property sector, capital markets and corporate governance spheres. Jayne brings deep global property knowledge to the Board as well as experience of scaling businesses. We look forward to working with Jayne, Linda and David as we continue to deliver for our prospective home buyers and our shareholders.
I would like to sincerely thank Kevin for his invaluable role through the early growth stage of Cairn. We benefited greatly from Kevin’s 25 year industry experience, and his commercial leadership across our portfolio helped put our Company in the strong position it is in today”.
About Jayne McGivern
Jayne McGivern is currently global EVP of Development and Construction for Madison Square Garden plc, where she is responsible for overseeing all new venue development projects in addition to management of the Company’s planned MSG Sphere venues in Las Vegas and London. Her former roles include Divisional Managing Director at Redrow plc, CEO of the European Division of Multiplex plc and Managing Director of Anschutz Entertainment Group in London, during its acquisition and redevelopment of the O2. She most recently led her own private property investment vehicle, Red Grouse. Jayne’s current roles include serving as a non-executive member of the board of Skanska AB and as Board Chair of the UK Ministry of Defence Infrastructure Organisation. Ms. McGivern is also a Fellow of the Royal Institution of Chartered Surveyors.
About Linda Hickey
Linda Hickey is currently Head of Corporate Broking at Goodbody Stockbrokers, where she has worked since 2004, and from which she will be retiring in April 2019. Previously, she worked at NCB Stockbrokers and Merrill Lynch. Linda has been, and continues to be, an independent non-executive Director at Kingspan Group plc since 2013 and is currently Chair of the Board of The Irish Blood Transfusion Service. Linda brings significant capital markets and corporate governance expertise across many sectors, including real estate, to the Board.
About David O’Beirne
David O’Beirne is a former Managing Partner of the international law firm Eversheds Sutherland, Dublin, is also a former Head of the firm’s Corporate and Commercial Department and is currently a Partner in its Corporate & Commercial Department, where his primary practice areas have been, and continue to be, mergers, acquisitions, disposals, private equity investments, corporate restructurings and corporate reorganisations. David brings to the Board almost 40 years’ experience in advising on significant domestic and international transactions alongside a depth of expertise in commercial and company law. David does not hold, and has not in the past 5 years held, a directorship in any other publicly quoted company.
About Cairn Homes plc
Cairn Homes plc is the leading Irish homebuilder committed to building high-quality sustainable homes in excellent locations and providing unparalleled customer service at each stage of the home-buying journey. Cairn’s highly experienced management team has a clear vision of delivering innovative and thoughtfully designed homes which meet market demand and enhance communities by placing home owners at the very centre of the design process. The Company owns 33 residential development sites with capacity for over 14,500 new homes, over 90% of which are located in the Greater Dublin Area with excellent public transport and infrastructure links. Cairn is today building on thirteen sites in the GDA, which will deliver over 4,750 new homes.
For more information : https://www.cairnhomes.com
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