Directorate
Change
Appointment of
Non-Executive Director and Chair-Designate
Dublin/London,
29 August 2024: Cairn
Homes plc (“Cairn” or “the Company”), a leading Irish homebuilding
company, is pleased to announce the appointment of Mr Bernard Byrne
as an independent non-executive Director and Chair-Designate,
effective 1 January 2025. Bernard will succeed current Chair, John
Reynolds, who will retire at the end of April 2025, having served
as non-executive Chair since Cairn’s IPO in 2015. Bernard will join
as a non-executive Director from 1 January 2025 and work closely
with John Reynolds and the Board to ensure a seamless transition of
Board leadership.
Bernard is a Chartered Accountant
and brings a wealth of leadership, finance and commercial
experience to Cairn as well as a deep understanding of the Irish
market and economy. Bernard most recently served as CEO of J+E
Davy, Ireland’s largest independent stockbroking and wealth
management business and lead the subsequent sale of the business
and its integration into the Bank of Ireland Group plc. Prior to
this, Bernard served as CEO of AIB Group plc leading the successful
rationalisation and IPO of the bank. Before joining AIB Group,
Bernard was Group Finance and Commercial Director at ESB, Deputy
CEO and Finance Director of IWP International plc and Commercial
Director of ESB International.
Michael
Stanley, CEO of Cairn, commented:
“Cairn will celebrate its tenth
anniversary in 2025. John Reynolds has served as Chair since Cairn
was founded and has been an integral part of the Company’s growth
and success over the last decade. I am delighted to welcome Bernard
as Chair-Designate to succeed John at the end of April 2025.
Bernard brings an impressive track record of leading very large
private and public Irish companies. John Reynolds contribution as
Chairman since IPO has been invaluable to Cairn and I look forward
to working with both him and Bernard during the upcoming handover
period.”
John Reynolds
commented:
“It has been a privilege to serve
as Chair of Cairn over the past decade and to be a part of the
Company’s exciting journey. I look forward to playing my role in
ensuring a smooth transition to Bernard’s Board leadership when he
joins us in early 2025. Bernard brings exceptional business acumen
and expertise to Cairn, and I am confident in the prospects for the
business under his and Michael’s leadership.”
Bernard Byrne
commented:
“I am excited to be joining Cairn and to
contribute to the Company’s objective of providing high quality,
energy efficient homes at scale in the Irish market. I look forward
to working with the dynamic and talented team in Cairn, as well as
engaging with our shareholders and wider stakeholders in the years
ahead.”
There are no other details
requiring disclosure under Listing Rule 9.6.13.
-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.