Countryside Properties PLC Appointment of Non-Executive Chair (2152V)
April 13 2021 - 2:00AM
UK Regulatory
TIDMCSP
RNS Number : 2152V
Countryside Properties PLC
13 April 2021
13 April 2021
Countryside Properties plc
Appointment of Non-Executive Chair
Countryside Properties plc ("Countryside" or "Group" or
"Company"), a leading UK mixed-tenure developer, announces that
John Martin today joins the Group's Board as Non-Executive Chair
Designate and will succeed David Howell as Non-Executive Chair on 1
May 2021. David Howell will step down from the Board on 30 April
2021. This follows Countryside's announcement on 3 December 2020 of
David Howell's intention to stand down as Chair of the Company
during 2021.
John brings extensive leadership and capital allocation
experience in operations, finance, and capital markets, having
served at Ferguson plc, the FTSE 100 leading specialist distributor
of plumbing and heating products, for over nine years to November
2019, most recently as Group Chief Executive Officer and prior to
that as Group Chief Financial Officer. During his tenure, Ferguson
was significantly simplified and strengthened, substantially
improved its market positions, and generated excellent returns for
shareholders. Before joining Ferguson, John was a partner at
Alchemy Partners, the private equity group, and prior to that was
Chief Financial Officer of Travelex plc and Hays plc. John is a
Chartered Accountant and started his career at Arthur Andersen. He
is currently a Non-Executive Director of Ocado plc, where he serves
on the Nomination and Audit Committees.
Douglas Hurt, Senior Independent Director, said: "On behalf of
the Board, I would like to thank David Howell for the contribution
he has made to Countryside over the past seven years. He led the
company as Chair to its successful listing on the London Stock
Exchange in 2016 with strong development of the business since
then, delivering Total Shareholder Return of 158%. We wish him well
for the future. Since December 2020, in searching for David's
successor, we have engaged with shareholders and conducted a
thorough review of a diverse range of potential high quality
candidates. We are delighted to appoint someone of John's calibre
and experience. He has the skills and expertise to lead the Board,
and a strong track record focused on growth, business
transformation and value creation."
John Martin, Non-Executive Chair Designate, said: "Countryside
is a fantastic business creating places where people love to live.
Delivering quality homes and communities has become more important
during the events of the past year and Countryside is uniquely
positioned to fulfil this role whilst generating attractive returns
for shareholders. I am delighted to join the Board as Chair at an
important time for the Company and its stakeholders. I look forward
to working with the Board and the Executive team to further develop
the business as it continues to grow and deliver mixed-tenure
housing across the UK through its differentiated business
model."
David Howell, outgoing Non-Executive Chair, said: "It has been a
privilege to serve Countryside for the past seven years; for the
past five years as Chair. I wish everyone at Countryside the very
best for the future."
As well as his role as Non-Executive Chair, John will also serve
on the Remuneration and Nomination Committees of the Board and from
13 April 2021 will Chair the Nominations Committee.
There is no other information relating to John Martin that is
required to be disclosed under Listing Rule 9.6.13R of the UK
Listing Authority.
ENDS
Enquiries:
Countryside Properties - 01277 260 000
Douglas Hurt - Senior Independent Director
Victoria Prior - Managing Director, Corporate Affairs
Brunswick Group LLP - 020 7404 5959
Nina Coad / Robin Wrench / Oliver Sherwood
Note to editors:
Countryside is a leading UK mixed-tenure developer through its
two divisions, Partnerships and Housebuilding.
Countryside's Partnerships division was established over 40
years ago, specialising in estate regeneration, with operations in
London, the South East, the North West, the Midlands and Yorkshire.
It works mainly on public sector owned and brownfield land, in
partnership with local authorities and housing associations to
develop private, affordable and PRS homes. It recently established
a modular panel manufacturing facility in Warrington to improve
quality and reduce build times on site. Its developments include
large scale urban regeneration projects at Beam Park in Rainham,
Acton Gardens in Ealing and Rochester Riverside in Medway.
Countryside's Housebuilding division benefits from an industry
leading strategic land bank which is focused around outer London
and the Home Counties. It builds family homes, with a focus on
placemaking and selling to local owner occupiers. Its developments
include a number of large-scale projects including Beaulieu in
Essex, Springhead Park in Ebbsfleet and Tattenhoe Park in Milton
Keynes.
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END
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