REG - Crest Nicholson Hdgs - Directorate Change

Crest Nicholson HoldingsAnnouncement

27/05/2022 10:30

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RNS Number : 0858N  Crest Nicholson Holdings PLC  27 May 2022

Crest Nicholson Holdings plc

 

DIRECTORATE CHANGE

 

Crest Nicholson Holdings plc ('Crest Nicholson' or the 'Group') today
announces a directorate change and restructure of the Executive Leadership
Team.

In January 2020, the Group outlined an updated strategy to improve financial
performance and restore Crest Nicholson to being one of the UK's leading
housebuilders. This plan was conceived on delivering a reset in operational
efficiency and standards, a significantly strengthened balance sheet and
assembling an experienced, diverse leadership team to implement this change in
direction. All these objectives have been met, ensuring that the first part of
the Group's turnaround has been successfully delivered.

In recognising the significant progress that has been achieved in transforming
the Group's operations and the acquisition of a skilled management team to
deliver the next phase of its strategy, the Board and Tom Nicholson, Chief
Operating Officer, have agreed that now is the right time for Tom to leave the
organisation. The Group thanks Tom for his hard work and dedication in helping
develop and oversee the changes that now position Crest Nicholson strongly to
deliver its future growth ambitions.

The Group does not intend to replace the role of Chief Operating Officer in
the short term and will provide a further update on progress against its
strategy at its half year results for the six months ended 30 April 2022 on
Tuesday 14(th) June 2022.

 

 

Crest Nicholson

Jenny Matthews, Head of Investor Relations
                              +44 (0) 7557 842720

Tulchan Communications
 

James Macey White / Giles Kernick
 
+44 (0) 20 7353 4200

 

27 May 2022

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