Persimmon PLC CEO Appointment (0726R)
26 Febrero 2019 - 1:02AM
UK Regulatory
TIDMPSN
RNS Number : 0726R
Persimmon PLC
26 February 2019
26 February 2019
Persimmon plc
("Persimmon" or "the Company")
David Jenkinson appointed Group Chief Executive
Persimmon plc announces today that following a detailed search
process, David Jenkinson has been appointed Group Chief Executive
with immediate effect.
Dave was appointed interim CEO in November 2018. Dave has been
with Persimmon in a number of roles for 22 years, most recently as
Group Managing Director, and has been instrumental in the
development and implementation of many of the successful
operational initiatives which have underpinned the Group's robust
performance in recent years. He has been a member of the Persimmon
board for over five years, with particular responsibility for land
purchase.
Roger Devlin, Persimmon's Chairman, said: "After a thorough
search, both within the housebuilding sector and more widely, it
was clear to the Board that Dave was the best candidate for the
role. Since his appointment as interim CEO last year Dave has shown
both strong leadership in maintaining the Company's track record of
operational excellence but also that he is listening carefully to
the views of all our stakeholders. Persimmon remains committed to
its goal of being the leading volume builder of good value,
traditional family homes throughout the UK."
David Jenkinson said: "Persimmon is a great company with a
bright future and I am honoured to have been asked to lead it. My
priorities will be to maintain the strong operational and financial
momentum of the business, to develop further our customer care
operations and to bring a greater focus to our wider
responsibilities as a leading UK house builder. We have a strong
and committed team and I look forward to continuing to work with
all my colleagues to deliver the high quality, attractively priced
homes that the UK needs."
Remuneration Arrangements
Dave Jenkinson has agreed that there will be no change to his
remuneration upon his appointment as Group Chief Executive. It has
also been agreed that Dave will not participate in annual bonus
arrangements in 2019 and will not receive an award under the
Group's 2017 Share Performance Plan. As previously announced,
Dave's remuneration did not change when he was appointed interim
Group Chief Executive. The Remuneration Committee expects to
implement a new remuneration package for Dave from 1 January 2020,
we expect to consult with major shareholders on this in autumn
2019.
The Company has today separately announced its full year results
for the year ended 31 December 2018.
This announcement contains inside information.
Classification: Inside information
Further information, please contact:
Persimmon plc Citigate Dewe Rogerson
Roger Devlin, Chairman Simon Rigby / Kevin Smith
Tel: +44 (0)1904 642199 Tel: +44 (0)20 7638 9571
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END
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