REG - Taylor Wimpey PLC - Upcoming Board change

Taylor WimpeyAnnouncement

08/12/2021 07:00

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RNS Number : 9000U  Taylor Wimpey PLC  08 December 2021

 

 

 

 

 

 

 

This announcement contains inside information

 

LEI: 21380089BTRXTD8S3R66

 

For immediate release

 

8 December 2021

Taylor Wimpey plc

 

Upcoming Board change

Taylor Wimpey plc announces that Pete Redfern will step down as CEO, after
more than 14 years of outstanding service in the role, and will leave the
business once a suitable candidate has been identified and a full handover has
taken place.

The Board has a robust succession plan in place and the recruitment process is
advanced, with a selection process considering both internal and external
candidates. Pete will continue as CEO and remain on the Board in the
intervening period to ensure a smooth and orderly transition.

Irene Dorner, Chairman, said:

"Pete has made an invaluable contribution to the business during his almost 15
years as CEO, including having successfully led the company through a global
financial crisis and the recent pandemic. Pete has led a management team which
has overseen the transformation of Taylor Wimpey into one of the largest
housebuilders in the UK, with an industry leading landbank, a strong financial
position and a clear and deliverable strategy for profitable growth. In
addition, Pete will leave the business with a strong and differentiated
culture he can be proud of creating."

Pete Redfern, CEO, said:

"It has been a privilege to work at Taylor Wimpey for the last two decades and
to lead a business of which I am so proud, working with so many exceptional
people both within the business and through our partnerships. The business is
in excellent health and is well positioned for strong future growth.
Accordingly, I am confident that now is the right time for fresh leadership as
Taylor Wimpey starts the next chapter.

Last year, having significantly increased our landbuying to take advantage of
land market opportunities, we have grown our landbank and set a clear path to
deliver strong growth and returns over the coming years. I am extremely proud
that Taylor Wimpey is a five-star homebuilder for customer service, with the
highest construction quality scores in the volume housebuilding industry and
outstanding employee engagement.

I would like to thank everyone at Taylor Wimpey for their past, current and
future support."

A further update will be provided to the market at the appropriate time.

The person responsible for releasing this announcement is Alice Black - Group
General

Counsel and Company Secretary.

 

-Ends-

For further information please contact:

Taylor Wimpey plc

Alice Black, Group General Counsel and Company Secretary        Tel:
+44 (0) 1494 885 616

Debbie Archibald, Investor
Relations
            Tel: +44 (0) 7826 874 461

 

Finsbury
TaylorWimpey@Finsbury.com (mailto:TaylorWimpey@Finsbury.com)

Faeth
Birch
 

Anjali Unnikrishnan

 

Notes to editors:

Pete has spent more than 20 years with George Wimpey and Taylor Wimpey
combined. He joined George Wimpey in 2001 as Finance Director before becoming
Chief Executive of George Wimpey's UK housing operations in 2004. Pete became
CEO of George Wimpey Plc in 2006 and then led the 2007 merger between Taylor
Woodrow and George Wimpey, creating Taylor Wimpey plc where he was appointed
Group Chief Executive in 2007.

 

Taylor Wimpey plc is a customer-focused homebuilder, operating at a local
level from 23 regional businesses across the UK. We also have operations in
Spain.

For further information please visit the Group's website:
www.taylorwimpey.co.uk
(https://eur02.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.taylorwimpey.co.uk&data=01%7C01%7CDebbie.Archibald%40taylorwimpey.com%7C87b6f1e886f8429207e908d6fe054c88%7C111bfc7fa92548b698024c6754c35b6f%7C0&sdata=52sv50a5midI5q%2BQVWIjTGQAhz4e%2FUHJqcxtc%2Fi3Y0o%3D&reserved=0)

Follow us on Twitter @TaylorWimpeyplc

 

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