Glenveagh Properties plc Appointment of Two New Non-Executive Directors (1678Z)
January 10 2024 - 2:02AM
UK Regulatory
TIDMGLV
RNS Number : 1678Z
Glenveagh Properties plc
10 January 2024
10 January 2024
Glenveagh Properties plc
Appointment of Two New Non-Executive Directors
Dublin/London, 10 January 2024 : Glenveagh Properties plc (the
"Company") a leading Irish homebuilder, is pleased to announce the
appointment of Lorna Conn as an independent non-executive Director
with effect from 1 February 2024. Glenveagh is also pleased to
announce that Max Steinebach will join the Board as a non-executive
Director from 1 February 2024.
Lorna Conn is CEO of Cpl and Senior Managing Executive Officer
of Outsourcing Inc, Cpl's Tokyo listed parent company. A Chartered
Director and a qualified Chartered Accountant, Lorna trained with
Deloitte and holds a Bachelor of Commerce degree from University
College Dublin and a Masters in Accounting from the Michael Smurfit
Business School. In addition to her executive career, Lorna
currently serves as an independent non-executive Director of Bord
na Móna.
Lorna has previously held senior roles in a number of public
companies in both Ireland and America. Lorna served as an executive
director of Cpl Resources plc from July 2018 until it was acquired
in January 2021.
Max Steinebach is an Investment Director at Teleios Capital
Partners, an investment firm operating from offices in Switzerland
and the UK. Max previously served at Charterhouse Capital Partners
and The Blackstone Group, where he worked on investments across a
variety of sectors, having begun his career in investment banking
with Morgan Stanley.
Teleios Capital Partners is currently the largest shareholder in
Glenveagh with a shareholding of 22% of the issued share capital.
Max's appointment is subject to the provision that, if the number
of ordinary shares in the Company held by Teleios Capital Partners
LLC falls below 20% or exceeds 29.9%, the independent Board may
terminate his appointment.
Glenveagh Chairman, John Mulcahy, commented:
" On behalf of the Board, I am delighted to welcome Lorna and
Max to Glenveagh. We are looking forward to working with them as
the Board continues to lead Glenveagh on its ambitious growth
trajectory."
There are no disclosures required to be made pursuant to Rule
6.1.66 (2) to (6) of the of the Euronext Dublin Listing Rule Book
II.
For further information please contact:
Chloe McCarthy
Group Company Secretary
chloe.mccarthy@glenveagh.ie
Note to Editors
Glenveagh Properties plc, listed on Euronext Dublin and the
London Stock Exchange, is a leading Irish homebuilder.
Supported by innovation and supply chain integration, Glenveagh
are committed to opening up access to sustainable high-quality
homes to as many people as possible in flourishing communities
across Ireland.
We are focused on three core markets - suburban housing, urban
apartments and partnerships with local authorities and state
agencies. The landbank we have assembled can deliver housing that
is both in demand and affordable.
www.glenveagh.ie
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