Harworth Group PLC Harworth appoints Chief Operating Officer
April 29 2019 - 2:02AM
RNS Non-Regulatory
TIDMHWG
Harworth Group PLC
29 April 2019
29 April 2019
Harworth Group plc ("Harworth" or the "Company")
Harworth appoints Chief Operating Officer to drive operational
delivery and future growth opportunities
Harworth Group plc ("Harworth" or the "Company"), a leading
regenerator of land and property for development and investment,
announces that Ian Ball has been promoted to the role of Chief
Operating Officer with effect from the 1(st) of May to support the
ongoing growth and evolution of its business.
This newly created role will provide additional oversight over
the business' new regional operating model, whilst bringing
together the Capital Growth and Income Generation teams within a
single management structure. The position will ensure that the
senior management team is best positioned to support the appraisal
and development of all new projects being generated by its regional
teams and to maximise the opportunities for synergies between the
existing Strategic Land and Income teams. This includes an on-going
commitment to direct development of new commercial space on its
major developments in stronger market locations alongside other
value add initiatives on all sites, in order to capture a greater
percentage of overall development profit.
The appointment of its first Chief Operating Officer forms part
of the ongoing evolution of Harworth since its re-listing in 2015
and will allow Owen Michaelson, the Chief Executive, to increase
his focus on new business initiatives which support our existing
strategy, alongside his continued leadership of the business,
Investor Relations work and interaction with all stakeholders to
promote the business at local, national and international
level.
Ian already has a deep understanding of the business. He
originally joined Harworth in 2014 and was promoted to the role of
Executive Director for Income Generation in 2015 where he has
overseen the Company's efforts to increase the quality and breadth
of its income base from its Business Space, Natural Resources and
Operations functions. This has included the delivery of over 1m sq.
ft of direct developments within its portfolio, funded via a range
of partnership and debt structures. Ian is a Chartered Surveyor by
background and has strong banking & commercial experience
having worked for a number of European private equity Real Estate
funds in London and commercial banks in the regions.
Owen Michaelson, Chief Executive of Harworth, said:
"As the company develops and evolves so too must our
organisational structure in order to maintain the delivery of
market-leading total returns. I am certain that Ian's depth of
commercial experience, supported by his rigorous analytical
methods, will ensure that we maximise available opportunities from
our existing and future projects across the North of England and
the Midlands."
-ENDS-
Enquiries:
Harworth Group plc T: 0114 349 3131
Owen Michaelson, Chief Executive E: omichaelson@harworthgroup.com
Iain Thomson, Head of Communications T: 0114 349 3160 / 07825 860215
& IR E: ithomson@harworthgroup.com
FTI Consulting
Dido Laurimore T: 020 3727 1000
Richard Gotla E: harworth@fticonsulting.com
Eve Kirmatzis
NOTES TO EDITORS
About Harworth Group plc
Listed on the premium segment of the main market, Harworth Group
plc (LSE: HWG) is a leading regenerator of land and property for
development and investment which owns, develops and manages a
portfolio of approximately 21,500 acres of land on around 120 sites
located throughout the Midlands and North of England. The Company
specialises in the regeneration of former coalfield sites and other
former industrial land into new residential developments and
employment areas (harworthgroup.com).
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END
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