Sanctuary Capital PLC Sanctuary Chief Executive announces retirement

TIDM71WG

Sanctuary Capital PLC

27 September 2018

News release

27 September 2018

SANCTUARY CHIEF EXECUTIVE ANNOUNCES RETIREMENT

Sanctuary Group has announced David Bennett's decision to retire as Group Chief Executive at the end of the year, having joined the organisation in 1986 and having led it since 1991.

Following a comprehensive recruitment exercise, the Board has appointed Craig Moule, Sanctuary's Chief Financial Officer, as Group Chief Executive with effect from 1 January 2019.

Jonathan Lander, Group Chair, said: "Thanks to David's astute and visionary leadership Sanctuary is one of the UK's principal housing and care providers, having grown from one with a turnover of GBP22 million and employing 628 people in 1991, to one which now has a turnover of GBP728 million and employs more than 13,000.

"Throughout his time at Sanctuary, David has worked tirelessly to make a difference to the lives of our customers and employees, and this was recognised with his award of a CBE in 2015 for services to social housing.

"David leaves an excellent legacy for Craig to build on. On behalf of the Board I would like to sincerely thank David for his dedicated service and commitment to Sanctuary.

"I am delighted that Craig has agreed to become our new Group Chief Executive. Craig has worked at Sanctuary since 1989 and has contributed greatly to the organisation's accomplishments since that time."

David Bennett said: "It's been a privilege to have been part of an organisation that has achieved so much for people in need of support. I've been fortunate to work with an exceptionally talented and dedicated group of people committed to Sanctuary's vision and values.

"I am sure that through Craig's leadership, Sanctuary will continue to be a dynamic organisation delivering ambitious goals."

Craig Moule joined Sanctuary in 1989 and has been Finance Director since 2000, CFO from 2013, and was first co-opted onto Sanctuary's Board in 2003.

On his new appointment, Craig Moule commented: "I am proud to be Sanctuary's next Group Chief Executive, and look forward to working with the Board and senior team to ensure the continued success of the organisation.

"I would also like to thank David as without him Sanctuary would not be in the strong position it is now, with the financial stability to deliver our charitable objectives of providing housing and care to those who need it most."

- Ends -

Notes to editors:

Established in 1969, Sanctuary Group is responsible for the provision of social housing, care and management services across England and Scotland. It owns or operates over 100,000 units of accommodation and employs more than 13,000 people.

The Group operates under a not for profit umbrella, with surpluses reinvested into the provision of affordable housing, the maintenance of existing properties, and the development of new services for customers.

Sanctuary is an exempt charity under the Charities Act 1993 and is regulated by the Regulator of Social Housing (Homes and Communities Agency).

Sanctuary Capital PLC is part of Sanctuary Group.

For more information please contact Kate Reynolds, Group Head of PR and Communications, on 01905 334596.

Follow @SanctuaryPR on Twitter for the latest news from across the Group.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRABBGDCIXDBGIR

(END) Dow Jones Newswires

September 27, 2018 07:40 ET (11:40 GMT)

Sanctuary 6.697 (LSE:71WG)
Historical Stock Chart
From Feb 2025 to Mar 2025