Taylor Wimpey PLC Upcoming Board change (9000U)
08 Dicembre 2021 - 8:00AM
UK Regulatory
TIDMTW.
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
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
Follow us on Twitter @TaylorWimpeyplc
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END
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December 08, 2021 02:00 ET (07:00 GMT)
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