Board and Committee
Changes
Dublin/London, 25 January
2024: Cairn Homes plc (“Cairn”, “the Company” or “the
Group”) (Euronext Dublin: C5H / LSE: CRN), a leading Irish
homebuilding company, announces a number of changes as part of its
ongoing orderly refreshment of the Board.
Non-Executive Director and Co-Founder, Alan McIntosh, is
stepping down from the Board effective today, having served since
the Company’s IPO in June 2015, initially as an Executive Director
and as a Non-Executive Director since 2018. Non-Executive Director,
Gary Britton, has also informed the Board of his intention to step
down from the Board at the end of 2024, having served as a Director
since IPO. Orla O’Gorman will succeed Gary as Audit & Risk
Committee Chair on Gary’s departure at the end of the
year.
The following changes will also take effect from
today:
-
Giles Davies assumes the role of
Non-Executive Director with responsibility for Sustainability and
Environmental Impact.
-
Linda Hickey is appointed as the
Senior Independent Director succeeding Giles Davies.
-
Julie Sinnamon replaces Giles
Davies as Chair of the Nomination Committee.
There are no further planned changes to Board Committees at
this time.
John Reynolds, Chairman of the Board
of Cairn, commented:
“As we approach the
nine-year anniversary of our IPO, we have undertaken a review of
the composition of the Board. As part of our ongoing refreshment,
and having served for nine years, one of our founders, Alan
McIntosh, is stepping down as a Director. Alan and Michael Stanley
co-founded the business in 2014, listing in 2015, and Alan can be
immensely proud of his pivotal role in creating and supporting the
development of Ireland’s leading homebuilder.
Alan’s extensive experience of
financing structures, corporate transactions and capital markets
has been invaluable. We want to express our gratitude to Alan for
his significant contribution to the business and wish him the very
best for the future.
Gary Britton, who has also served
on the Board since IPO, will step down at the end of the year. We
look forward to continuing to work with Gary until his departure
from the Board, as he supports an orderly transition of
responsibilities as Audit & Risk Committee Chair to Orla
O’Gorman.
We are also pleased to have created
a new role on the Board with responsibility for Sustainability and
Environmental Impact. The role will be undertaken by Giles Davies,
who has an extensive background in environmental protection and
conservation financing, making him an ideal candidate to assume
this role. This further highlights the significant focus the Cairn
Board places on sustainability, and the central role it will play
in our decision making in the years ahead.”
Alan McIntosh, Co-Founder of Cairn,
commented:
“I have been hugely fortunate to
work alongside Michael Stanley and the other Board members of Cairn
over the last nine years. Michael and I set out with the unwavering
passion to create a great homebuilder in Ireland, to set new
standards in our industry for quality and sustainability; and to
become one of Ireland’s best employers. The entire team at Cairn
can be immensely proud of where the business has grown to, from
four employees in 2014 to over 4,000 people working across our 20
active sites today. We are immensely proud of what has been
achieved and I am confident of the continued success of our
business.”
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. 16,300 unit landbank across 35 residential
development sites, over 90% of which are located in the Greater
Dublin Area (“GDA”) with excellent public transport and
infrastructure links.