Countryside Properties PLC Directorate Change (1337U)

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RNS Number : 1337U

Countryside Properties PLC

21 November 2019

21 November 2019

Countryside Properties PLC

CEO Succession

Countryside Properties (the 'Group'), a leading UK home builder and urban regeneration partner, today announces that Ian Sutcliffe, Group Chief Executive, is to retire from the Group on 31 March 2020. He will step down from the Board and be succeeded by Iain McPherson, currently head of the Group's Partnerships South business, on 1 January 2020.

Mr Sutcliffe joined the Group in 2013 as Executive Chairman and led, as Group Chief Executive, its successful listing on the London Stock Exchange in February 2016. Under his leadership, the creation of the Partnerships and Housebuilding divisions and the adoption of a mixed-tenure approach to placemaking and communities has unlocked significant growth and created strong returns for shareholders.

Mr McPherson has extensive industry experience gained from various roles over the last 23 years in both housing associations and major housebuilders. He joined Countryside in 2014 as Managing Director of the Housebuilding South region which he successfully created and grew to its current mature position. As Chief Executive of Partnerships South he has developed key large scale sites in London and the South East and is a key member of our Executive Committee.

David Howell, Non-Executive Chairman of Countryside, said:

"On behalf of the Board, I would like to thank Ian for the outstanding job he has done in leading Countryside. He has built a fantastic team and successfully guided the company through its IPO in February 2016. He has consistently delivered strong, profitable growth and returns, leaving the Group well positioned for the future. We are grateful for Ian's leadership of the Group and wish him all the best in the years ahead. We are delighted to welcome Iain McPherson to the Board as Group Chief Executive. He brings deep industry knowledge and operational experience to lead the business into the future."

Ian Sutcliffe, Group Chief Executive, said:

"It has been a real privilege to lead Countryside for the past six years. It is a tremendous business with an incredibly talented workforce. I am immensely proud of what we have all achieved together and I would like to thank David, the rest of the Board and everyone at Countryside for the unwavering support they have given the business over the years. I have worked closely with Iain over the past few years and am delighted to be handing over the reins to someone of Iain's calibre. I wish Iain and Countryside all the very best for the future."

Iain McPherson, Group Chief Executive Designate, said:

"I am delighted to be taking on the role of Group Chief Executive and to continue the strategy that has been so successful under Ian's leadership. We have an exceptional business with a fantastic team and I look forward to building on our excellent track record of results and growth."

ENDS

For further information, please contact:

 
Countryside Properties 
 David Howell, Non-Executive Chairman, 
 Ian Sutcliffe, Group Chief Executive 
 Victoria Prior, Investor Relations & Strategy 
 Director                                        01277 260 000 
Brunswick Group 
 Nina Coad 
 Oliver Sherwood                                 0207 404 5959 
 

Note to editors

Countryside is a leading UK home builder and regeneration partner specialising in place making and urban regeneration. Our business is centred around two complementary divisions, Partnerships and Housebuilding. Our Partnerships division specialises in urban regeneration of public sector land, delivering private and affordable homes by partnering with local authorities and housing associations. 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. Countryside was founded in 1958. It operates in locations across London, the South East, the North West of England, the Midlands and Yorkshire.

For further information, please visit the Group's website: www.countrysideproperties.com

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November 21, 2019 02:02 ET (07:02 GMT)