REG - Cairn Homes plc - Directorate Change & Committee Update

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RNS Number : 8659R  Cairn Homes plc  10 November 2021

 

 

CAIRN HOMES PLC

 

Directorate Change and Committee Update

 

10 November, 2021: Cairn Homes plc ("Cairn", "the Company" or "the Group"),
the leading Irish homebuilding company, is pleased to announce the appointment
of Ms Orla O'Gorman as an independent, non-executive Director. Ms O'Gorman's
appointment, effective immediately, reflects the Board's continued focus on
composition, diversity and effectiveness. Upon her appointment, Ms O'Gorman
will join the Audit & Risk Committee and the Nomination Committee.

 

Orla O'Gorman

Ms O'Gorman brings rich sectoral expertise in assisting companies to grow and
scale, with over 25 years experience as an executive leader and adviser to a
range of businesses. Most recently, Orla spent six years at the Irish Stock
Exchange ("ISE"), where she was Head of Equity. She was centrally involved in
the sale of the ISE to Euronext in 2018 and, following that transaction, was
appointed as Head of Listing for UK and Ireland. Prior to joining the ISE, Ms
O'Gorman founded OR Associates, and previously held senior management
positions at Eurologic Systems, ABN AMRO and PwC.

 

Ms O'Gorman is a member of the Corporate Governance Committee at Euronext
Dublin, the European Commission's SME Technical Expert Group and the Chartered
Accountants Ireland Sustainability Expert Working Group. Orla is a qualified
accountant, holds a Bachelor of Commerce from University College Dublin and a
Master of Accounting from UCD Smurfit School.

 

John Reynolds, Cairn Chairman said:

"Orla brings significant capital markets and commercial experience to the
Cairn Board. In addition, Orla's insights and expertise with respect to ESG
will further enhance sustainable innovation across Cairn. I look forward to
working alongside Orla as Cairn continues to grow and make a significant
contribution to Ireland's housing needs.

 

This latest appointment further strengthens and diversifies the Board to
ensure we have the broad range of skills, gender balance, insight and
expertise to continue to grow our business, and strengthen our position as
Ireland's leading homebuilding company."

 

Ongoing Board Refreshment

The appointment of Orla O'Gorman follows the recent appointment of Julie
Sinnamon to the Board as an independent, non-executive Director. As previously
announced, Andrew Bernhardt will also retire at the end of 2021, having served
as a non-executive Director since the Group's IPO in 2015. Jayne McGivern also
stepped down from the Board in September to pursue a new executive
opportunity.

 

Committee Composition

Following the appointments of Julie Sinnamon and Orla O'Gorman to the Board,
the recent retirement of Jayne McGivern and the planned retirement of Andrew
Bernhardt at the end of 2021, the Board Committees have been updated. The
below table reflects the new composition of each Committee following the
changes and are effective immediately. Andrew Bernhardt will retain his
membership of the Audit & Risk and Remuneration Committees until the end
of the year, when he will step down from the Board.

 

 Audit & Risk Committee      Remuneration Committee  Nomination Committee
 Gary Britton (Chair)        Linda Hickey (Chair)    Giles Davies (Chair)
 Linda Hickey                Gary Britton            David O'Beirne
 Andrew Bernhardt            Giles Davies            Julie Sinnamon
 Julie Sinnamon              David O'Beirne          Orla O'Gorman
 Orla O'Gorman               Andrew Bernhardt

 

-ENDS-

 

 

 

 

For further information, contact:

Cairn Homes
plc
+353 1 696 4600

Tara Grimley, Company Secretary

 

Notes to Editors

Cairn Homes plc ("Cairn") is the leading Irish homebuilder committed to
building high-quality, competitively-priced, sustainable new homes in great
locations. At Cairn, the homeowner is at the very centre of the design process
and we strive to provide an unparalleled customer service throughout each
stage of the home-buying journey. A new Cairn home is thoughtfully designed
and built to last with a focus on creating shared spaces and environments
where communities prosper. Cairn owns a c. 16,400 unit land bank across 35
residential development sites, over 90% of which are located in the Greater
Dublin Area ("GDA") with excellent public transport and infrastructure links.

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