– UK, Cowley – Galliford Try plc (LON:GFRD), the housebuilding, regeneration and construction group, announces that Peter Truscott has stepped down as Chief Executive and leaves the business with immediate effect.
The Board is pleased to announce that Graham Prothero, currently Group Finance Director, will succeed Peter as Chief Executive. Andrew Duxbury, currently Finance Director of Linden Homes and previously Group Financial Controller, will succeed Graham as Group Finance Director and joins the Board with immediate effect.
Peter Ventress, Chairman, said: “As a Board, we are pleased that our strategic succession planning has enabled us to make a smooth transition both for the role of CEO and that of Finance Director. We take succession planning very seriously and are delighted that our efforts in this area have paid off so well.
Graham has been a member of the Board since February 2013 and has contributed strongly to the strategic development of the company. He is well respected both within the business and externally by our investor base and other stakeholders.
Andrew joined the Group from PwC in 2012 and has held a number of senior finance positions since, including Group Financial Controller. He has a bright future as our new FD.
On behalf of the Board I congratulate Graham and Andrew on their new roles and thank Peter for his contribution to the Group. We wish him well in his new role.”
About Graham Prothero
Graham joined Galliford Try as Finance Director on 1 February 2013. He was previously with Development Securities plc (now U&I plc), a listed property developer and investor in the UK, where he was Finance Director from November 2008. From 2001 until 2008 Graham was a partner with Ernst & Young. Graham is a fellow of the Institute of Chartered Accountants and previously held the position of Finance Director with Blue Circle Properties and Taywood Homes. Graham is a Non-Executive Director and Chair of the Audit Committee of Marshalls plc.
About Andrew Duxbury
Andrew joined Galliford Try in March 2012 as Group Financial Controller and from 2016 held a number of operational finance roles, including Finance Director of Linden Homes. Andrew is a fellow of the Institute of Chartered Accountants and, prior to joining Galliford Try, he worked for PwC.
Peter Truscott said: “I have enjoyed my time with the Group. The company has a strong management team and a clear growth strategy against which it is making good progress. The decision to leave is a personal one and has been made so that I may pursue other opportunities.”
Graham Prothero said: “I’m excited to take on the role of leading Galliford Try through its next phase of growth and development, working with our talented teams to deliver for our clients, customers and investors. I’m particularly delighted to welcome Andrew as Group Finance Director, with his wealth of knowledge of the Group and our businesses. I look forward to working closely with him, the broader executive team and the rest of the Board as we continue to implement our strategy.”
About Galliford Try plc
Galliford Try plc is a leading UK housebuilding, regeneration and construction group. It is listed on the London Stock Exchange and a member of the FTSE 250. Housebuilding – through our Linden Homes business – develops private and affordable homes in prime locations. Galliford Try Partnerships – our regeneration business – delivers mixed-tenure solutions working with housing association, local authority and private sector partners. Operating as Galliford Try and Morrison Construction, our Construction business carries out building and infrastructure with clients in the public, private and regulated sectors. At the end of the last financial year to 30 June 2018, the Group generated revenue of £3.1bn.
For more information : https://www.gallifordtry.co.uk
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
