62ZW Rhp Fin 48

TIDM62ZW

RNS Number : 3188O

RHP Finance PLC

09 June 2022

David Done OBE is to step down from his role as RHP Chief Executive at the end of March 2023.

David established RHP in 2000, following a Large Scale Voluntary Transfer from the London Borough of Richmond upon Thames, and has led it ever since. Since then, RHP's performance, finances, and culture has been transformed, so that today it's one of the highest regarded Registered Providers working in the UK, known for innovation, modernising the housing service using new technology, and being a great place to work.

The Group now provides 10,951 homes for thousands of households across west London with plans to build another 1,500 homes over the next 10 years. It has total assets of GBP3bn, over GBP100m of available funding, and revenues in the last financial year of GBP63m.

RHP Chair Simon Devonshire OBE said: "I want to thank David for his remarkable endeavour and success in making RHP the amazing organisation that it is. It's been a pleasure working with him. He's been an exceptional Chief Executive and will be greatly missed by colleagues and the Group's Board alike. We wish him every success in the next phase of his career".

Commenting on his move, David said "It has been a privilege to lead RHP, and I'm very proud of what we've achieved thanks to the hard work, commitment, and support of so many talented people. But after 22 years, I now feel it's the right time for me to take on new challenges and opportunities - and am excited by what lies ahead. My plan is to help like-minded organisations and people grow and succeed both as a non-executive and advisor. I'm confident to be leaving the Group in great shape and in capable hands with a strong Executive Team and Board. I'd like to say thank you to everyone who has contributed to the success of the Group".

RHP will now start the search for a new Chief Executive to take over from David before he leaves and to take the Group forward.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSSASAUEESELM

(END) Dow Jones Newswires

June 09, 2022 04:51 ET (08:51 GMT)

Grafico Azioni Rhp Fin 48 (LSE:62ZW)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Rhp Fin 48 (LSE:62ZW)
Storico
Da Giu 2023 a Giu 2024