Appointment of
Chief Financial Officer
Richard Ball, an
experienced real estate professional, will join Cairn as Chief
Financial Officer
Dublin/London, 13
February 2024: Cairn Homes plc (“Cairn” or “the
Company”) (Euronext Dublin: C5H / LSE: CRN), a leading Irish
homebuilding company, today announces, following a comprehensive
recruitment process, the appointment of Richard Ball as Chief
Financial Officer (“CFO”), succeeding Shane Doherty. Richard will
join the Company as CFO on 10 April 2024 and will join the Board as
an Executive Director at the Annual General Meeting (“AGM”) on 10
May 2024.
Shane Doherty announced
his intention to step down as CFO in October 2023, with an
agreement to remain on the Board to support the transition to his
successor. Shane will not seek re-election at the upcoming AGM and
will leave the Company in the third quarter of this year, following
an orderly transition of responsibilities to the new
CFO.
Richard
Ball
Richard Ball has over 18
years’ experience in the Irish property market, with extensive
expertise in finance, capital markets, sustainability and
investment.
He
joins from Urbeo Residential, one of Ireland’s leading residential
property businesses, where he was a Partner with responsibility for
all finance and investment functions of the business. Prior to
that, he served as Chief Investment Officer at Hibernia REIT plc,
an Irish commercial real estate company, for a period of five years
from its IPO. Richard also previously held several corporate
finance roles at various organisations including at commercial
property company, Clancourt Group.
Richard is a Fellow of
Chartered Accountants Ireland, holds a Master of Accountancy from
University College Dublin and a B.Sc. (Business Management) from
Trinity College Dublin.
John
Reynolds, Chairman of Cairn, said: "We are delighted
to be appointing a high calibre candidate in Richard Ball as CFO.
His deep experience in residential and other property sectors, in
roles that cover finance, capital markets and sustainability, will
be invaluable, given the Company’s momentum and trajectory, as we
continue to focus on driving shareholder value. We look forward to
welcoming him in April.”
“We
would also like to again recognise Shane Doherty’s very significant
contribution to Cairn and to thank him for his commitment to stay
in role as part of an orderly transition to his
successor.”
Richard
Ball, incoming CFO said: "I am excited by
the opportunity to join Ireland’s leading homebuilder with an
ambitious vision for the future. I look forward to joining Michael
and the team to continue to deliver on their strategy of increasing
the supply of high quality, sustainable family homes in
Ireland.”
-ENDS-
For
further information, contact:
Cairn
Homes plc
+353 1
696 4600
Michael Stanley, Chief
Executive Officer
Tara Grimley, Company
Secretary
Stephen Kane, Director of
Corporate Finance & Investor Relations
Declan Murray, Head of
Finance & Treasury
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.
16,300 unit landbank across 34 residential development sites, over
90% of which are located in the Greater Dublin Area (“GDA”) with
excellent public transport and infrastructure links.