REG-Cairn Homes Plc Appointment of Independent Non-Executive Director

Cairn HomesAnnouncement

21/11/2024 07:00

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Cairn Homes Plc (CRN)
Appointment of Independent Non-Executive Director

21-Nov-2024 / 07:00 GMT/BST

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                         Directorate Change & Committee Composition Update

                         Appointment of Independent Non-Executive Director

                                                  

Dublin/London, 21 November 2024: Cairn Homes plc (“Cairn”  or “the Company”) is pleased to  announce
the appointment of Ms. Orla O’Connor as  an independent non-executive Director, effective 1  January
2025. Following  her appointment  to the  Board, Orla  will  become a  member of  the Audit  &  Risk
Committee and the Remuneration Committee.

 

Orla O’Connor Biography

Orla is the Chair of Arthur Cox, one of Ireland’s leading law firms, and a Partner in their  Finance
Department. She was  appointed as Chair  of Arthur Cox  in 2019 for  a term running  until 2025  and
previously served on the firm’s Management Committee for five years.

Orla brings over 25 years’  experience in financial transactions  across the finance, property,  and
private equity sectors to  the Board. She  is a member  of the Electoral  Committee at the  Football
Association of Ireland,  a member  of the Board  at AsIAm  and Focus Ireland,  and a  member of  the
Council of Chartered Accountants Ireland. Orla has an LL.B degree from Trinity College and a  B.C.L.
degree from Oxford University.

Ongoing Board Succession

The appointment of Orla is another positive step in ensuring the orderly succession of the Board  to
support the business in its next stage of growth, following the appointment of Mr. Bernard Byrne  as
an independent non-executive Director  and Chair-Designate, which will  also be effective 1  January
2025. As previously announced, Gary Britton, who has been on the Board since the Company’s IPO, will
step down as a non-executive Director at the end of this year. There will also be orderly succession
on Board Committees,  with Orla joining  two Board Committees,  the Audit &  Risk Committee and  the
Remuneration Committee. The below table reflects the new composition of each Committee following the
changes and will be effective 1 January 2025.

 

Audit & Risk Committee Nomination Committee   Remuneration Committee
Orla O’Gorman (Chair)  Julie Sinnamon (Chair) Linda Hickey (Chair)
Linda Hickey           Giles Davies           Giles Davies
Orla O’Connor          Orla O’Gorman          Orla O’Connor
Julie Sinnamon                                 

 

John Reynolds, Chairman of  Cairn said: "Orla’s appointment  underscores our commitment to  ensuring
the Board’s composition continues  to evolve, and is  comprised of Directors with  a diverse set  of
skills, background and expertise.  A proven leader  in her sector, Orla  brings extensive legal  and
financial expertise  to the  Board, and  her strategic  development track  record is  a  significant
addition as Cairn executes its next phase of growth.

 

On behalf of the Board and on a personal basis, I would also like to thank Gary for his  significant
contribution and support over the past nine years. Gary has offered invaluable insight at the  Board
throughout Cairn’s growth and development  since its IPO, and has  been an exceptional Chair of  our
Audit & Risk Committee. We are grateful for his dedication, and we wish him well for the future."

 

There are no  disclosures required to  be made pursuant  to Rule 6.1.66 (2) to  (6) of the  Euronext
Dublin Listing Rule Book II.

 

                                                                                                    

                                               -ENDS-

For further information, contact:

Cairn Homes plc                  +353 1 696 4600

Tara Grimley, Company Secretary

 

Drury Communications                 +353 1 260 5000

Billy Murphy

Gavin McLoughlin        

 

Notes to Editors 

Cairn Homes plc (“Cairn”) is an Irish homebuilder committed to building high-quality,  competitively
priced, sustainable new homes and communities in great locations. At Cairn, the homeowner is at  the
very centre of the  design process. We  strive to provide  unparalleled customer service  throughout
each stage of  the home-buying  journey. A  new Cairn home  is expertly  designed, with  a focus  on
creating shared  spaces  and environments  where  communities thrive.  Cairn  owns a  c.15,900  unit
landbank across 36  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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   ISIN:           IE00BWY4ZF18
   Category Code:  BOA
   TIDM:           CRN
   LEI Code:       635400DPX6WP2KKDOA83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   360386
   EQS News ID:    2035079


    
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