Countryside Properties PLC Statement re Management Changes (4635D)

TIDMCSP

RNS Number : 4635D

Countryside Properties PLC

27 April 2017

27 April 2017

Countryside Properties PLC

Management Changes

The Board of Countryside Properties PLC ("Countryside" or "the company") today announces the following management changes.

After 35 years with the company, Richard Cherry, Chief Executive of Countryside's Partnerships division, has announced his plans to retire from the business at the end of this financial year. Richard will step down from his role as Chief Executive, Partnerships on 2 May 2017 and assume the role of Group New Business Director until he leaves the company at the end of September. Richard will remain a member of the Executive Committee until his departure.

Graham Cherry, currently Chief Executive of Countryside's Housebuilding division, will become Chief Executive of Partnerships South effective 2 May 2017, retaining his current seat on the Executive Committee. Additionally, Ian Kelley, Chief Executive of Partnerships North will join the Executive Committee on 2 May 2017.

Countryside is also pleased to announce today the appointment of Phillip Lyons as Chief Executive, Housebuilding, effective 2 May 2017. In this role, Phillip will be responsible for all Housebuilding activity of the Group, and will sit on the Executive Committee. Phillip was most recently Divisional Managing Director, London and South East for Taylor Wimpey and has over 30 years' industry experience.

Commenting on the changes to the Partnerships division, Group Chief Executive, Ian Sutcliffe said:

"Richard has played a pivotal role in building Countryside into the business it is today, in particular helping establish Countryside as the leading urban regeneration partner. On behalf of the Board, I would like to thank Richard for his invaluable contribution to Countryside and wish him well for the next chapter of his life."

Speaking on the appointment of Phillip Lyons as Chief Executive, Housebuilding, Ian Sutcliffe added:

"I am also delighted to welcome Phillip Lyons to the company. Securing Phillip's experience, skills and industry knowledge built over a 30 year career in the sector, positions us well to maintain our strong growth trajectory in Housebuilding. I look forward to working with him over the years to come."

ENDS

Enquiries:

 
 Countryside Properties PLC             Tel: [phone] 
 Ian Sutcliffe - Group Chief 
  Executive 
  Rebecca Worthington - Group 
  Chief Financial Officer 
  Victoria Prior - Investor Relations 
  & Strategy Director 
 
 Brunswick Group LLP                    Tel: [phone] 
 Simon Sporborg 
  Will Rowberry 
  Oliver Sherwood 
 

About Countryside

Countryside is a leading UK home builder specialising in place making and urban regeneration. Our business is centred around two complementary divisions, Housebuilding and Partnerships. The Housebuilding division, operating under Countryside and Millgate brands, develops sites that provide private and affordable housing, on land owned or controlled by the Group. Our Partnerships division specialises in urban regeneration of public sector land, delivering private and affordable homes by partnering with local authorities and housing associations. Countryside was founded in 1958. It operates in locations across outer London, the South East, the North West of England and the West Midlands.

For further information, visit www.countryside-properties.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 27, 2017 02:00 ET (06:00 GMT)