REG - Persimmon Plc - CEO Succession

PersimmonAnnouncement

27/02/2020 07:00

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RNS Number : 2695E  Persimmon PLC  27 February 2020

27 February 2020

 

Persimmon plc

 

CEO Succession

 

After 23 years at Persimmon, David Jenkinson has informed the board of his
wish to step down as Group CEO in due course. He has signalled his intention
early to give the board good time to recruit a successor. Dave will remain in
the CEO role and fully committed to leading the ongoing programme of change
for as long as the business requires.

 

Roger Devlin, Chairman of Persimmon, said: "Dave has played a critical role in
the development of a new Persimmon. As Chief Executive he quickly set about
designing and implementing a programme of change and started the process of
resetting the culture of the business. Under his leadership Persimmon has
invested in a range of customer care and quality initiatives, prioritised
customers over volume, became the first UK housebuilder to implement a
retention policy and will achieve an HBF 4-star rating.  Throughout this
period of significant change, the operational performance of the business has
remained strong.

"Dave has the full support of the board and will continue to do so until he
leaves. I am grateful that Dave has signalled his intention to step down at an
early stage to give us the time to carry out a thorough search process and to
continue the evolution of the business."

David Jenkinson said: "I'm very pleased with the progress that we've made over
the last year in reshaping Persimmon's approach and culture while at the same
time maintaining our operational momentum. Persimmon is an outstanding
business with a strong balance sheet and a great team of talented and
dedicated people who mean a great deal to me. I will remain fully committed to
both the CEO role and to our programme of change until my last day in the
job."

 

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of the Group is Tracy
Davison, Company Secretary.

 

For further information, please contact:

Citigate Dewe Rogerson

Simon Rigby / Kevin Smith / Jos Bieneman

Tel: +44 (0)20 7638 9571

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